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Chapter 18.4, Problem 1CC
Summary Introduction

To discuss: The important steps involved in the flow to equity process for valuing a levered investment.

Introduction:

Leverage can refer to the amount of debt used to finance assets. Leverage uses borrowed funds or various financial instruments to increase the returns on the investment. If a company has high leverage, it means that the instrument has more debt than equity.

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Chapter 18 Solutions

Corporate Finance Plus MyLab Finance with Pearson eText -- Access Card Package (4th Edition) (Berk, DeMarzo & Harford, The Corporate Finance Series)

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What is WACC-Weighted average cost of capital; Author: Learn to invest;https://www.youtube.com/watch?v=0inqw9cCJnM;License: Standard YouTube License, CC-BY