With regard to external sources of financing for nonfinancial businesses in the United States, which of the following are accurate statements?A) Direct finance is used in less than 5% of the external financing of American businesses.B) Only large, well-established corporations have access to securities markets to finance their activities.C) Loans from banks and other financial intermediaries in the United States provide five times more financing of corporate activities than do stock markets.D) All of the above.E) Only A and B of the above.

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