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correct answer is E, please show work why 9. Three firms have the following equity betas and debt-to-equity ratios: The tax rate is 40%. Which

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correct answer is E, please show work why

9. Three firms have the following equity betas and debt-to-equity ratios: The tax rate is 40%. Which statement is correct? a. Firm A has more operating risk than B or C b. Firm B has more operating risk than A or C c. Firm C has more operating risk than A or B d. They all have the same operating risk e. Firms A and C have the most operating risk

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