12. Leverage and P/E Ratio. Calculate the ratio of price to expected earnings for River Cruises both
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12. Leverage and P/E Ratio. Calculate the ratio of price to expected earnings for River Cruises both before and after it borrows the $250,000. Why does the P/E ratio fall after the increase in leverage? (LOI)
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780073382302
6th Edition
Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus
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