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20. The target capital structure of a firm is the capital structure that a. minimizes the operating risk of the firm's assets. b. maximizes the

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20. The target capital structure of a firm is the capital structure that a. minimizes the operating risk of the firm's assets. b. maximizes the tax shield created by debt. c. minimizes the default risk of long-term debt. d. maximizes the price of the firm's stock. e. minimizes the risk premium paid on long-term debt

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