WACC Approach and Nonconstant Leverage Ratio

8 Pages Posted: 20 Feb 1998  

Andreas Loeffler

Freie Universit├Ąt Berlin

Date Written: February 1998

Abstract

Generalizing a result of Miles and Ezzel (1980) we extend the WACC approach to the case of nonconstant leverage ratios. Furthermore, it is shown that the original proof of Miles and Ezzel was incomplete.

JEL Classification: G32

Suggested Citation

Loeffler, Andreas, WACC Approach and Nonconstant Leverage Ratio (February 1998). Available at SSRN: https://ssrn.com/abstract=60937 or http://dx.doi.org/10.2139/ssrn.60937

Andreas Loeffler (Contact Author)

Freie Universit├Ąt Berlin ( email )

Boltzmannstr. 20
Berlin, 14195
Germany

HOME PAGE: http://www.andreasloeffler.de

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