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Which of the following statement(s) is (are) true? O a. In real life, most firms have high leverage ratios. O b. Firms with large investments

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Which of the following statement(s) is (are) true? O a. In real life, most firms have high leverage ratios. O b. Firms with large investments in tangible assets will have higher financial distress costs than firms with investments in intangible ones. O c. Utilities use greater amount of debt as their operating income has low uncertainty. O d. None of the options

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