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13. Which one of the following is NOT generally correct in practice? A. B. C. Most nonfinancial firms have low debt to equity ratio. Debt

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13. Which one of the following is NOT generally correct in practice? A. B. C. Most nonfinancial firms have low debt to equity ratio. Debt ratios in most countries are considerably less than 100 percent. Firm's debt to equity ratio vary with industry. For example, firms with larger tangible assets tend to have higher leverage. D. There is evidence that firm behaves as if they had no target debt to equity ratio

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