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Cyclical businesses, whose revenues and earnings are strongly dependent on the state of the economy, tend to have A. low betas and a low cost

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Cyclical businesses, whose revenues and earnings are strongly dependent on the state of the economy, tend to have A. low betas and a low cost of capital. B. high betas and a low cost of capital. C. low betas and a high cost of capital. D. high betas and a high cost of capital. E. None of the above

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