Multiple Choice
An equity multiplier of 0.64 means that for every $1 the firm raises in new equity, the firm can:
A) Acquire an additional $0.64 in new assets.
B) Acquire an additional $0.64 in new debt.
C) Earn $0.64 in additional profits.
D) Earn $0.64 in additional profits per share.
E) Pay $0.64 in additional dividends per share.
Correct Answer:
Verified
Correct Answer:
Verified
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