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- 2011-7-11
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Consider leverage as "Fixed" ... How much capital is tied up to certain elements.
Degree of Operating Leverage = Amount of Fixed Costs (Fixed operating costs)
Degree of Financial Leverage = Amount of Fixed Financial Costs (Loans, Bonds Obligations etc.)
The more leverage there is, the "riskier" the operation is. |
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发表于 2011-7-13 16:43
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