Question
__________ makes the levered beta larger than the unlevered beta A.tax shields B.fixed assets C.debt D.systematic risk Risk shifting (asset substitution) is a problem that
__________ makes the levered beta larger than the unlevered beta
A.tax shields
B.fixed assets
C.debt
D.systematic risk
Risk shifting (asset substitution) is a problem that results from a conflict between ______________ and _______________.
A.owners, managers
B.owners, lenders
C.owners, employees
D.managers, board members
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Personal Finance Turning Money Into Wealth
Authors: Arthur Keown
8th Edition
0134730364, 978-0134730363
