Question: Choose the best answer for the following statement: The improper use of leverage can lead to: Select one: a. Insolvency b. Bankruptcy c. Lower profitability

Choose the best answer for the following statement:

The improper use of leverage can lead to:

Select one:

a. Insolvency

b. Bankruptcy

c. Lower profitability

d. A and B but not C

e. All of the above

f. According to Modigliani and Miller, the use of leverage has no affect on the firm's performance

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