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Which of the following statements about leverage is TRUE? If a client has been approved by a bank for a loan it means leverage is

Which of the following statements about leverage is TRUE?

If a client has been approved by a bank for a loan it means leverage is a suitable strategy for him or her.

Leverage will magnify gains and losses.

Leverage is permitted by MFDA rules only for high net worth individuals.

If the investment does not perform, the client does not have to pay back the loan.

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