(c) Acting as an external consultant to Semer, discuss the validity of the proposed strategy to increase gearing, and explain whether or not the estimates produced in (b) above are likely to be accurate. (10 marks)
正确答案：(c) Report on the proposed adjustment of gearing through the repurchase of ordinary sharesThe effect of capital structure on the value of a company is not fully understood.Increasing the proportion of debt in the capital structure may reduce the overall c
