Which one of the following statements is NOT true?
A) For many smaller firms and firms of lower credit standing that have limited access, or no access, to the public markets, the cheapest source of external funding is often the private markets.
B) Bootstrapping and venture capital financing are not part of the private market.
C) Bootstrapping and venture capital financing are part of the private market.
D) Many private companies that are owned by entrepreneurs, families, or family foundations and are sizable companies of high credit quality prefer to sell their securities in the private markets.
Answer: B
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