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Generally,as debt is substituted for equity,risk,as measured by the coefficient of variation of EPS,increases.This negative effect works against the positive effect of substituting debt for equity,which is that higher leverage increases expected EPS.
Cyclic Hemiacetal
A molecule formed from the reaction between an aldehyde and an alcohol resulting in a ring structure containing an oxygen atom.
Ring Oxygen
An oxygen atom that is incorporated into a cyclic structure, often contributing to the ring's chemical properties.
Haworth Structure
A way of representing cyclic sugars as planar rings, focusing on the arrangement of hydroxyl groups around the ring, used in carbohydrate chemistry.
β-D-Glucopyranose
A chemical structure of glucose in its cyclic form, where the glucose molecule forms a six-membered ring, with the hydroxyl group on the first carbon in the beta configuration.
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