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2. Modigliani and Miller are considered the 'fathers' of modern Capital Structure Theory in finance. Explain and discuss MM Propositions I and II given no

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2. Modigliani and Miller are considered the 'fathers' of modern Capital Structure Theory in finance. Explain and discuss MM Propositions I and II given no corporate taxes and with corporate taxes. What is the optimal capital structure under each set of assumptions? 3. (10 points) a) No bankruptcy and no corporate taxes I b) With Corporate Taxes

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