Question
A firm's earnings per share is not impacted by its financing plan at the point when the cost of borrowed funds equals the return on
A firm's earnings per share is not impacted by its financing plan at the point when
the cost of borrowed funds equals the return on equity.
return on assets equals return on equity.
debt is equal to equity.
the cost of borrowed funds equals the return on assets.
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The Geography Of Finance
Authors: Gordon L. Clark, Darius Wójcik
1st Edition
0199213364, 978-0199213368
