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Question
Which of the following is generally not true about leveraged buyouts?
a. Borrowed funds are used to pay for all or most of the purchase price, perhaps as much as 90%
b. Tangible assets of the target firm are often used as collateral for loans.
c. Bank loans are often secured by the target firms intangible assets
d. Secured debt is often referred to as junk bond financing.
e. C and D only
Answer
This answer is hidden. It contains 1 characters.
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