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4-13 (Using DuPont analysis) Stewart Plc has a capital structure including debt and eq- uity. They have a debt/equity ratio of 60 percent. Calculate their

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4-13 (Using DuPont analysis) Stewart Plc has a capital structure including debt and eq- uity. They have a debt/equity ratio of 60 percent. Calculate their equity multiplier. If the firm decreases its debt financing, would this increase or decrease its equity multiplier

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