The Modigliani-Miller first proposition is about the irrelevancy of using equity or debt to finance a firm.

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The Modigliani-Miller first proposition is about the irrelevancy of using equity or debt to finance a firm. Can this irrelevancy proposition also hold in the case of using equity, senior and junior debts, or convertible bond to finance a firm?

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Corporate Finance A Systematic Approach

ISBN: 978-9811991219

1st Edition

Authors: Kuo Ping Chang

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Question Posted: Jun 06, 2024 01:09 AM

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The Modigliani-Miller first proposition is about the irrelevancy of using equity or debt to finance a firm.

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Corporate Finance A Systematic Approach

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