During the 1990s, interest rates in Europe were generally revised downwards. If Modigliani and Millers 1963 theory
Question:
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.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Corporate Finance Theory And Practice
ISBN: 9780470721926
2nd Edition
Authors: Pierre Vernimmen, Pascal Quiry
Question Posted: