1 Capital Structure, the Pie Theory and MM Use a pizza analogy to explain why capital structure...
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1 Capital Structure, the Pie Theory and MM Use a pizza analogy to explain why capital structure should not influence firm value in a world with no taxes, transaction costs or financial distress costs. List three assumptions that lie behind the Modigliani–Miller theory in a world without taxes. Are these assumptions reasonable in the real world? Explain.
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