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- Which of the following apply to levered firms but not to unlevered firms? I. Financial risk II. Systematic risk III. Business risk IV. Interest

- Which of the following apply to levered firms but not to unlevered firms?

I. Financial risk II. Systematic risk III. Business risk IV. Interest tax shield A) I only B) I and IV only C) II and III only D) II, III, and IV only E) I, II, and IV only

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