Question
What is wrong with the following argument? Moderate borrowing doesnt significantly affect the probability of financial distress or bankruptcy. Consequently, moderate borrowing wont increase the
What is wrong with the following argument?
Moderate borrowing doesnt significantly affect the probability of financial distress or bankruptcy. Consequently, moderate borrowing wont increase the expected rate of return demanded by stockholders.
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Financial Shenanigans How To Detect Accounting Gimmicks And Fraud In Financial Reports
Authors: Howard M. Schilit, Jeremy Perler, Yoni Engelhart
4th Edition
126011726X, 9781260117264
