7. MM Proposition 1 (S16-2) MM totally ignore the fact that as you borrow more, you have...

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7. MM Proposition 1 (S16-2) “MM totally ignore the fact that as you borrow more, you have to pay higher rates of interest.” Explain carefully whether this is a valid objection.

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Principles Of Corporate Finance

ISBN: 9781264080946

14th Edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans

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