9. Which of the following industries have low optimal debt levels according to the tradeoff theory? Which

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9. Which of the following industries have low optimal debt levels according to the tradeoff theory? Which have high optimal levels of debt?

a. Tobacco firms

b. Accounting firms

c. Established restaurant chains

d. Lumber companies

e. Cell phone manufacturers

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Fundamentals Of Corporate Finance

ISBN: 9781292018409

3rd Global Edition

Authors: Berk, Peter DeMarzo, Jarrad Harford

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