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The current executives of Micrsoft have decided to form a private investment group with the sole purpose of purchasing the firm. These individuals have found

The current executives of Micrsoft have decided to form a private investment group with the sole purpose of purchasing the firm. These individuals have found a lender who will lend them 85 percent of the purchase cost if they pledge their personal assets as collateral for the loan. The current officers agree to this arrangement, borrow the funds, and purchase the firm. The purchase of this firm is referred to as a

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