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Leverage means using borrowed money to do which of the following? Select one: a. Earn a return greater than the cost of borrowing. b. Earn
Leverage means using borrowed money to do which of the following?
Select one:
a. Earn a return greater than the cost of borrowing.
b. Earn a return less than the cost of borrowing.
c. Earn a return equal to the cost of borrowing.
d. Retire other long-term debt, such as bonds.
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