A firm’s degree of operating leverage (DOL) depends primarily upon its:
A. Sales variability
B. Level of fixed operating costs
C. Closeness to its operating break-even point
D. Debt-to-equity ratio
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If an financial instrument is easily convertible, then liquidity risk increase.
a.
Financial instrument cannot be convertible
b.
The statement is False
c.
The statement is True
d.
Cant say