Question: 4. What leverage policy do you recommend? (Consider leverage ratio, coverage ratio, and bond rating.) Should the leverage policy be determined by book values or

 4. What leverage policy do you recommend? (Consider leverage ratio, coverage

ratio, and bond rating.) Should the leverage policy be determined by book

4. What leverage policy do you recommend? (Consider leverage ratio, coverage ratio, and bond rating.) Should the leverage policy be determined by book values or market values

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