Question: As long as individuals borrow (and lend) on the same terms as the firms, they can replicate (or undo) the effects of corporate leverage on

As long as individuals borrow (and lend) on the same terms as the firms, they can replicate (or undo) the effects of corporate leverage on their own and replicate the payoffs. This is referred to as:

(choose only one alternative)

Group of answer choices

Business Risk

Strategic RIsk

Capital Structure

Homemade Leverage

Static Theory of Interest Rates

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