The gains from LBOs are from:
A. Tax savings because of high debt servicing
B. Loss in the value to bondholders
C. Improved performance because of incentives to mangers and employees
D. All of the above
Answer:D
The gains from LBOs are from:
A. Tax savings because of high debt servicing B. Loss in the value to bondholders C. Improved performance because of incentives to mangers and employees D. All of the above