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9) By Value Arbitrage, LBO fund managers mean A) The use of risk-free debt security to finance their transactions. B) Their attempt to engage in

9) By Value Arbitrage, LBO fund managers mean

A) The use of risk-free debt security to finance their transactions. B) Their attempt to engage in market timing. C) A risk-free transaction involving the acquisition of a matured firm during bearish market. D) A and B.

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