During the 1990s, interest rates in Europe were generally revised downwards. If Modigliani and Millers 1963 theory

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During the 1990s, interest rates in Europe were generally revised downwards. If Modigliani and Miller’s 1963 theory was right, should debt levels of companies have increased or decreased? Debt levels actually fell. State your views.

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Corporate Finance Theory And Practice

ISBN: 9780470721926

2nd Edition

Authors: Pierre Vernimmen, Pascal Quiry

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