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Question
LBO investors must be very careful not to overpay for a target firm because
a. Major competitors tend to become more aggressive when a firm takes on large amounts of debt
b. High leverage increases the break-even point of the firm
c. Projected cash flows are often subject to significant error limiting the ability of the firm to repay its debt
d. A and B only
e. A, B, and C
Answer
This answer is hidden. It contains 1 characters.
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