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Which of these are determinants of beta? I. Financial leverage II. Cyclicality of revenues III. State of the economy IV. Operating leverage a) I and

Which of these are determinants of beta?

I. Financial leverage

II. Cyclicality of revenues

III. State of the economy

IV. Operating leverage

a) I and IV only

b) II and III only

c) I, III, and IV only

d) I, II, and IV only

e) II, III, and IV only

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