A leveraged buyout is:
A) The purchase of the stock of a business firm by a small group of investors using heavy borrowing to finance the transaction
B) The transfer of ownership between partners in a business venture in which one partner acquires the ownership interest of the one or more remaining partners
C) Use of borrowed funds by investment bankers in order to win the bid on a new security being offered in the open market
D) The sale of assets of a corporation in order to reduce that corporation's outstanding indebtedness
E) None of the above
Correct Answer:
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