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The management team of a privately held firm found a lender who would lend them 90 percent of the purchase price of the firm if

The management team of a privately held firm found a lender who would lend them 90 percent of the purchase price of the firm if they pledged the firms assets as well as their personal assets as collateral for the loan. This purchase would best be described by which of the following terms?

Group of answer choices

A.Merger

B.Leveraged buyout

C.Joint venture

D.Tender offer

E.Consolidation

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