So this question appeared both on Becker and Wiley with the same exact answer choices
The theory underlying the cost of capital is primarily concerned with the cost of:
A. Long-term funds and old funds.
B. Short-term funds and new funds.
C. Long-term funds and new funds.
D. Any combination of old or new, short-term or long-term funds.
however Becker says the Correct Answer is D while Wiley says it is C. Which software should I believe?
Here's a picture to show my dilemma.