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Problem:

If a firm has a high degree of leverage then a small change in sales results in

Select one:

a. an unpredictable change in expected profits

b. a very small change in expected profits

c. no change in expected profits

d. a large change in expected profits.

Explain in detail and also show all work please provide step by step solution.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91146682

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