As the Recession of 2007-2008 Loomed Over Both Large and Small

question 1

Multiple Choice

As the recession of 2007-2008 loomed over both large and small businesses, many firms looked for ways to deleverage. The term "deleveraging" implies that the firms:

• A)avoided equity financing.
• B)borrowed money at lower interest rates.
• C)bought back their own stock to reduce the stock outstanding.
• D)replaced much of the debt in their capital structure with equity.

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