What are the respective values of geared and ungeared firms if: Earnings 100 m before
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What are the respective values of geared and ungeared firms if:
■ Earnings £100 m before tax
■ Tax rate 30%
■keu = 15%
■ The geared firm borrows £200 m?
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Related Book For 
Corporate Finance And Investment Decisions And Strategies
ISBN: 9780273695615
5th Edition
Authors: Richard Pike, Bill Neale
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