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Which statement below is false? A. An equity multiplier of 2 means the firm has as much debt as equity. B. An equity multiplier of

Which statement below is false?

A. An equity multiplier of 2 means the firm has as much debt as equity.

B. An equity multiplier of 1 means the firm has no debt.

C. An equity multiplier of 2 means the firm has twice as much debt as equity.

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