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8. True or False,a. One of the first task of an LBO’s financial manager is to pay down debt?,b. Once an LBO or MBO goes private, it almost always stays private.,c. Targets for LBOs in the 1980 tended to profitable companies in mature industries.,d. "Carried interest" refers to the deferral of interest payments on LBO debt.,e. By 2008 new LBO and private-equity transactions were extremely rare.,f. The announcement of a spinoff is generally followed by a sharp fall in the stock prices,g. Privatizations are generally followed by massive layoffs,h. On average, privatization seems to improve efficiency and add value.,j. When a company becomes bankrupt, it is usually in the interest of stockholders to seek a liquidation rater than a reorganization.,k. A reorganization plan must be presented for a approval by each class of creditor,l. In a reorganization, creditors may be paid off the mixture of cash and securities.

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