Operating Leverage and Taxes Show that if we consider the effect of taxes, the degree of operating

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Operating Leverage and Taxes Show that if we consider the effect of taxes, the degree of operating leverage can be written as Assume straight-line depreciation. Notice that this reduces to our previous result if T = 0.

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Fundamentals Of Corporate Finance

ISBN: 9780077178239

3rd Edition

Authors: David Hillier, Iain Clacher, Stephen A. Ross

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