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The more leveraged a firm: the lower the amount of debt it incurs the less debt per dollar of total assets the higher the probability
The more leveraged a firm:
the lower the amount of debt it incurs
the less debt per dollar of total assets
the higher the probability the firm will encounter financial distress the lower its ROE
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The Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
13th Global Edition
1292409487, 978-1292409481
