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

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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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Corporate Finance

ISBN: 9780273792024

3rd Global Edition

Authors: Peter Demarzo, Jonathan Berk

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