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Baldwin has a leverage of 1.84 This means that: (Assume leverage is calculated as Assets/Equity)

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  •  $1.84 of assets is funded with $1.00 of equity and $0.84 of debt.
  •  $1.84 of assets is funded with $1.00 of debt and $0.84 of equity.
  •  Assets are funded with 84% debt.
  •  Assets are funded with 84% equity.
Jos Simulation Answered question April 8, 2025