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Which of the following is not empirically true when formulating capital structure policy?

a. some firms use no debt.

b. most corporations have low debt-asset ratios.

c. there are no differences in the capital-structure of different industries.

d. Debt levels across industries vary widely

e. debt ratios in most countries are considerably less than 100%

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Which of the following is not empirically true when formulating capital structure policy?
a. some firms use no debt.
b. most corporations have low debt-asset ratios.
c. there are no differences in...