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A firm is characterized by a high profitability, which is expected to remain so for an extended period of time. In a TOT world, you
A firm is characterized by a high profitability, which is expected to remain so for an extended period of time. In a TOT world, you would expect this firm to:
A Have a low unlevered Beta
B Adopt, at best, a low payout distribution policy.
C Make a lot of acquisitions in its sector
D Use a markettiming approach to its financial structure
E Not hesitate to rely on debt financing
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