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Which one of the following is not empirically correct? Multiple Choice Some firms use no debt. Debt levels across industries vary widely. Debt ratios in

Which one of the following is not empirically correct? Multiple Choice Some firms use no debt. Debt levels across industries vary widely. Debt ratios in most countries are considerably less than 100 percent. The capital structure of a firm can vary significantly over time. Capital structures are fairly constant across industries.

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