Question: Checking if this is right. If not, what would be correct? Operating leverage can be defined as the use of retained earings to finance projects

Checking if this is right. If not, what would be correct?

Operating leverage can be defined as the use of retained earings to finance projects the leverage that shareholders have over bondholders o the use of debt to finance projects o the use of fixed operating costs rather than variable operating costs the use of preferred stock to finance projects

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