Before it went bankrupt in 2008, Lehman Brothers was leveraged over 30 to 1, meaning...
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Before it went bankrupt in Lehman Brothers was leveraged over to meaning they had more than $ in assets to $ in equity. It also meant that if their asset values declined the loss would wipe out their equity. Lehman Brothers' level of leverage was probably completely normal for the industry. abnormally high for the industry. too low for the industry. 
Before it went bankrupt in Lehman Brothers was leveraged over to meaning they had more than $ in assets to $ in equity. It also meant that if their asset values declined the loss would wipe out their equity. Lehman Brothers' level of leverage was probably
completely normal for the industry.
abnormally high for the industry.
too low for the industry.
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