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How does: a) a firm's capital structure affect its free cash flows? b) a leveraged firms risk level differ from its peers? c) the cost

How does:

a) a firm's capital structure affect its free cash flows?

b) a leveraged firms risk level differ from its peers?

c) the cost of equity change with the use of debt in the capital structure?

d) the graphical probability distribution of ROE for a firm that uses financial leverage compare to the distribution if the firm used no leverage, other things held constant?

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