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Which of the following best describes hard capital rationing?
a-Extra capital is available to the company due to external factors such as banks who are keen to lend.
b-A limited amount of capital is available to the company due to internal factors such as management unwillingness to take more risk.
c-Extra capital is available to the company due to internal factors such as excess cash from operations.
d-A limited amount of capital is available to the company due to external factors such as banks unwillingness to lend.
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