Question
TRUE or FALSE 1. The constant growth model does not work when the growth rate exceeds the required return. 2. Operating leverage is related to
TRUE or FALSE
1. The constant growth model does not work when the growth rate exceeds the required return.
2. Operating leverage is related to the amount of debt a firm uses
3. In a world with taxes and financial distress costs, Modigliani and Miller find that debt use can increase firm value.
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Governing Global Finance
Authors: Michele Fratianni, Paolo Savona
1st Edition
1138742147, 978-1138742147
