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2. a. Who are Modigliani and Miller (MM? List the assumptions of MM's no-tax (1958) model. What were the two main propositions MM developed in
2. a. Who are Modigliani and Miller (MM?
- List the assumptions of MM's no-tax (1958) model.
- What were the two main propositions MM developed in their no-tax model? State the propositions algebraically and discuss their implications.
- Describe briefly how MM proved their propositions.
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