A major impetus fueling financial mergers during the 1980s was
A. high interest rates.
B. high tax rates.
C. high cash balances that could be utilized for takeovers.
D. ready availability of junk bond financing.
Answer:D
A major impetus fueling financial mergers during the 1980s was
A. high interest rates. B. high tax rates. C. high cash balances that could be utilized for takeovers. D. ready availability of junk bond financing.