CHAPTER 12 QUIZ 13

FINANCE  Investment Analysis and Portfolio Management CHAPTER 12 QUIZ 13
 Assume that each of the following changes id independent (i.e., except for this change, all   other   factors   remain   unchanged).In   each   case,   indicate   what   will   happen   to   the   earnings   multiplier and explain why         a. The return on equity increases         b. The aggregate debt-equity ratio declines         c. Overall productivity of capital increases         d. The dividend-payout ratio declines

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