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Which of the following statements about financial leverage ( FL ) is false? Group of answer choices FL helps us create a much wider set

Which of the following statements about financial leverage (FL) is false?
Group of answer choices
FL helps us create a much wider set of return distributions out of a single risky investment, depending on the leverage used.
FL involves the substitution of fixed-cost debt financing for variable-cost equity.
FL increases expected return but keeps the variability of returns constant.
FL is a fundamental financial variable affecting ROE and sustainable growth.

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