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Under which of the following conditions could the overuse of financial leverage be detrimental to the firm? Multiple Choice In a stable industry. When there

Under which of the following conditions could the overuse of financial leverage be detrimental to the firm?

Multiple Choice

In a stable industry.

When there is cyclical demand for the firm's products.

During an upswing in the business cycle.

When there is low interest cost compared to return on assets.

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