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As the recession of 2 0 0 7 - 2 0 0 8 loomed over both large and small businesses, many firms looked for ways
As the recession of loomed over both large and small businesses, many firms looked for ways to deleverage. The term deleveraging implies that
a the firms borrowed money at lower interest rates
b the firms replaced much of the debt in their capital structure with equity
C the firms bought back their own stock to reduce the stock outstanding
d the firms avoided equity financing
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