Question
We normally think of fixed costs leading to higher leverage.High fixed operating costs lead to high operating leverage, and high fixed financing costs (interest) leads
We normally think of fixed costs leading to higher leverage.High fixed operating costs lead to high operating leverage, and high fixed financing costs (interest) leads to high financial leverage.Is there another source of leverage?
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
