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Question
The management team of a privately held firm found a lender who would lend them 90 percent of the purchase price of the firm if they pledged the firms assets as well as their personal assets as collateral for the loan. This purchase would best be described by which of the following terms?
a. Merger
b. Leveraged buyout
c. Joint venture
d. Tender offer
e. Consolidation
Answer
This answer is hidden. It contains 1 characters.
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