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Who is described as the "father of expressionism" in the text and why?
Unlevered Cost of Capital
The cost of capital for a company that has no debt, representing only the cost of equity.
Financial Leverage
The use of borrowed money (debt) to finance the acquisition of assets, with the expectation that the income or capital gain from the new assets will exceed the cost of borrowing.
Par Bonds
Bonds that are issued and redeemed at their face value, or par value, which represents the nominal or dollar value printed on the bond.
Expected Perpetual EBIT
The forecasted continuous earnings before interest and taxes that a company expects to generate over an indefinite future period, assuming a steady state of operations.
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