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More generally, what is the optimal choice of leverage (L*)?
More generally, what is the optimal choice of leverage (L*)?
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The optimal choice of leverage denoted as L refers to the level of debt that maximizes the value of ...Get Instant Access to Expert-Tailored Solutions
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
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