If you were to look at leverage for companies in a country where there is a very high cost of attorneys and accountants,all other things being equal you would expect
A) that firms in those countries would utilized less leverage than in other countries.
B) that firms in those countries would utilized more leverage than in other countries.
C) that firms in those countries would utilize no leverage.
D) that firms in those countries would utilize as much leverage as is mathematically possible.
Correct Answer:
Verified
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