(Answered) The books definition of financial leverage is nbspthe use

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The Books definition of financial leverage is " The use of debt in a firm's capital structure is called financial leverage. The more debt a firm has (as a percentage of assets), the greater is its degree of financial leverage" p 25. (Ross, 2014)

The name of the book: Ross, S., Westerfield, R., Jordan, B. (01/2013). Essentials of Corporate Finance, 8th Edition.

Point out the impact and risk of financial leverage?

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