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Basic Question 7 of 15
A lower debt rating signifies higher risk to: I. equityholders.
II. debtholders.
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe optimal and target capital structures
CFA® 2024 Level I Curriculum, Volume 2, Module 6.