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A firm's optimal capital structure is defined as the mixture of debt and equity that maximize its share price. i. Discuss the main characteristics of

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A firm's optimal capital structure is defined as the mixture of debt and equity that maximize its share price. i. Discuss the main characteristics of debt and equity, and its impact on a firm's operation and ownership structure. ii. Discuss the M\&M Theory on Capital Structure. iii. Discuss how a firm's Capital Structure impacts its Weighted Average Cost of Capital (WACC)

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