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  • PV of ZL Firms PV of LEV Firms: DPR of Unlevered Firms DPR of Levered Firms

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    Danish Hashmi
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    The document contains 6 graphs comparing financial metrics of zero-levered (ZL) firms and levered (LEV) firms over the period of 2009 to 2014. The graphs show that: the present value of ZL firms was higher than LEV firms; the dividend payout ratio of unlevered firms was higher than levered firms; investment levels were higher for ZL firms than LEV firms; cashflows were higher for ZL firms than LEV firms; and net distributable income was higher for ZL firms than LEV firms over the period analyzed.

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    The document contains 6 graphs comparing financial metrics of zero-levered (ZL) firms and levered (LEV) firms over the period of 2009 to 2014. The graphs show that: the present value of ZL firms was higher than LEV firms; the dividend payout ratio of unlevered firms was higher than levered firms; investment levels were higher for ZL firms than LEV firms; cashflows were higher for ZL firms than LEV firms; and net distributable income was higher for ZL firms than LEV firms over the period analyzed.

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    © All Rights Reserved
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    12 views4 pages

    PV of ZL Firms PV of LEV Firms: DPR of Unlevered Firms DPR of Levered Firms

    Uploaded by

    Danish Hashmi
    The document contains 6 graphs comparing financial metrics of zero-levered (ZL) firms and levered (LEV) firms over the period of 2009 to 2014. The graphs show that: the present value of ZL firms was higher than LEV firms; the dividend payout ratio of unlevered firms was higher than levered firms; investment levels were higher for ZL firms than LEV firms; cashflows were higher for ZL firms than LEV firms; and net distributable income was higher for ZL firms than LEV firms over the period analyzed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 4

    7

    4
    PV of ZL firms
    3
    PV of LEV firms
    2

    0
    2009 2010 2011 2012 2013 2014
    -1

    0.1200

    0.1000

    0.0800

    0.0600 DPR of unlevered firms


    DPR of Levered firms
    0.0400

    0.0200

    0.0000
    2009 2010 2011 2012 2013 2014
    0.9
    0.8
    0.7
    0.6
    0.5
    Investment of ZL firms
    0.4 Investment of LEV firms
    0.3
    0.2
    0.1
    0
    2009 2010 2011 2012 2013 2014
    1.2

    1
    0.8
    0.6 cashflows of ZL firms
    cashflows of LEV firms
    0.4

    0.2
    0
    2009 2010 2011 2012 2013 2014
    1600000000

    1400000000

    1200000000

    1000000000

    800000000 NDI of ZL firms


    NDI of LEV firms
    600000000

    400000000

    200000000

    0
    2009 2010 2011 2012 2013 2014

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