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Watch the video called The Capital Structure Choice: CISCO. How can too much debt lead to excessive risk-taking? (Select the best choice below.) A. Debt
Watch the video called "The Capital Structure Choice: CISCO". How can too much debt lead to excessive risk-taking? (Select the best choice below.) A. Debt covenants encourage excessive risk taking by equity holders. B. Shareholders capture upside benefits, but don't suffer from downside losses. C. Risky projects become attractive to debt holders. D. None of the answers represents a reason why too much debt can lead to excessive risk taking.
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