Understand that in the absence of taxes, transaction costs, and other market frictions, capital structure can affect

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Understand that in the absence of taxes, transaction costs, and other market frictions, capital structure can affect firm values only when the debt-equity choice affects cash flows (the Modigliani-Miller Theorem).

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Financial Markets And Corporate Strategy

ISBN: 9780077119027

1st Edition

Authors: David Hillier, Mark Grinblatt, Sheridan Titman

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Question Posted: Jul 19, 2024 01:00 AM

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Understand that in the absence of taxes, transaction costs, and other market frictions, capital structure can affect

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Financial Markets And Corporate Strategy

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