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Which of the following is the best definition of an LBO? Group of answer choices a. LBO is the equivalent of DCF for private firms.

Which of the following is the best definition of an LBO?

Group of answer choices

a. LBO is the equivalent of DCF for private firms. b. An LBO is when a distressed company sells off part of its assets at an extreme discount. c. LBOs were popular in the 1980s, but are now illegal. d. An LBO is the acquisition of a company using debt to finance a large portion of the purchase price.

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