Define leverage as it is used in finance

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Reference no: EM131336972

1. Define leverage as it is used in finance.

2. Define and give examples of the following:
a. Fixed costs
b. Variable costs

3. Define the following:
a. Operating leverage
b. Financial leverage

4. How is a firm's degree of combined leverage (DCL) related to its degrees of operating and financial leverage?

Reference no: EM131336972

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