Question
It is well understood that the cost of debt is normally higher than the cost of equity. Taking account of this idea, a staff accountant
It is well understood that the cost of debt is normally higher than the cost of equity. Taking account of this idea, a staff accountant makes a statement that you should always carry a debt load as great as possible so that ROE will be higher. Do you agree? Why or why not?
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Management Audits
Authors: Allan J. Sayle
3rd Edition
0951173901, 978-0951173909
