Chapter 14

Capital Structure and Leverage

Business vs. Financial Risk

Optimal Capital Structure
Operating Leverage
Capital Structure Theory

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2013 Cengage Learning. All Rights Reserved. May not be scanned, copied, or duplicated, or posted to a publicly accessible website, in whole or in part.
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 Chapter 14: Capital Structure and Leverage

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 Chapter 14: Capital Structure and Leverage

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 Chapter 14: Capital Structure and Leverage

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2013 Cengage Learning. All Rights Reserved. May not be scanned, copied, or duplicated, or posted to a publicly accessible website, in whole or in part.
 Chapter 14: Capital Structure and Leverage

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 Chapter 14: Capital Structure and Leverage

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2013 Cengage Learning. All Rights Reserved. May not be scanned, copied, or duplicated, or posted to a publicly accessible website, in whole or in part.
 Chapter 14: Capital Structure and Leverage

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2013 Cengage Learning. All Rights Reserved. May not be scanned, copied, or duplicated, or posted to a publicly accessible website, in whole or in part.
 Chapter 14: Capital Structure and Leverage

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2013 Cengage Learning. All Rights Reserved. May not be scanned, copied, or duplicated, or posted to a publicly accessible website, in whole or in part.
 Chapter 14: Capital Structure and Leverage

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 Chapter 14: Capital Structure and Leverage

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2013 Cengage Learning. All Rights Reserved. May not be scanned, copied, or duplicated, or posted to a publicly accessible website, in whole or in part.
 Chapter 14: Capital Structure and Leverage

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2013 Cengage Learning. All Rights Reserved. May not be scanned, copied, or duplicated, or posted to a publicly accessible website, in whole or in part.
 Chapter 14: Capital Structure and Leverage

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 Chapter 14: Capital Structure and Leverage

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 Chapter 14: Capital Structure and Leverage

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2013 Cengage Learning. All Rights Reserved. May not be scanned, copied, or duplicated, or posted to a publicly accessible website, in whole or in part.