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M Ltd has an average cost of debt of 8% with tax rate of 50%. The ROI is 14%. What financial leverage should the company
M Ltd has an average cost of debt of 8% with tax rate of 50%. The ROI is 14%. What financial leverage should the company adopt, if its target ROE is 15%?
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Investment Management
Authors: Stephen Lofthouse
2nd Edition
047149237X, 9780471492375
