Points: $10$

Baldwin has a leverage $of1\mathrm{.}83$ This means that: $(Assume$ leverage $is$ calculated $as$ Asset$\frac{s}{E}$quity$)$

Select : $1$

$$1\mathrm{.}83of$ assets $is$ funded with $$1\mathrm{.}00of$ equity and $$0\mathrm{.}83of$ debt.

$$1\mathrm{.}83of$ assets $is$ funded with $$1\mathrm{.}00of$ debt and $$0\mathrm{.}83of$ equity.

Assets are funded with $83\%$ debt.

Assets are funded with $83\%$ equity.