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The Period from 1977 Through 1989 Saw a Wave of Corporate

Question 9

Multiple Choice

The period from 1977 through 1989 saw a wave of corporate mergers in the U.S.  These mergers were characterized by


A) the use of junk bonds for financing buyouts.
B) the low debt-to-equity ratios of the resulting firms.
C) resulting firms that focused on "core competencies" rather than diversification.
D) a "buyers' market" in which acquiring firms could purchase the stock of takeover targets for less than market value.
E) All of the above.

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