August 2011
Beginner
547 pages
16h 12m
English
Content preview from Fundamentals of Financial Management, Third Edition
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DESCRIPTIVE QUESTIONS
- What do you mean by financial leverage? Mention the features of a sound capital structure.
- Explain the M-M hypothesis indicating that financial leverage does not have an influence on the value of the corporate wealth. Is this true when taxes exist?
- Does EPS improve in the wake of financial leverage? Explain.
- “Financial leverage reduces the WACC but at the same time gives rise to financial risk borne by the shareholders”. Discuss.
- Can the capital structure be an optimal one? Explain and discuss the ways in which to achieve the optimal situation.
- Are the personal income tax, agency cost and bankruptcy cost relevant in the context of optimising the capital structure?
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