Asymmetric information implies that ________ may have better information about a firm's cash flows than other stakeholders

Definition of marketing:

What will be an ideal response?

If Lawn & Order, Inc., had borrowed $20,000 by issuing an 8-month note at 6% on October 1, instead of a 4-month note at 6%, Interest Expense for the month ended October 31 would have been _______.

a. higher b. lower c. the same d. $0 because the interest will be paid later