1. Leveraged buyouts (LBOs) almost always involve which of the following?

   I) a large part of the purchase price is financed by debt;

   II) all of the issued debt is above investment grade;

   III) the firm goes private and its shares are no longer traded on the open market

   	A.	II only
   	B.	I, II, and III
   	C.	I and III only
   	D.	I only