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Basic Question 0 of 5
Which of the following best describes the equity risk that arises from the capital structure of a firm?
B. Diversifiable risk
C. Systematic risk
D. Business risk
E. Unsystematic risk
A. Financial risk
B. Diversifiable risk
C. Systematic risk
D. Business risk
E. Unsystematic risk
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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
explain how the phase of the business cycle affects credit spreads and the performance of credit-sensitive fixed-income instruments;
explain how the characteristics of the markets for a company's products affect the company's credit quality;
CFA® 2025 Level II Curriculum, Volume 6, Module 37.