a)Define the term "Capital Structure" and identify various theories of capital structure.

b)Franco Modigliani and Merton Miller's theory of capital structure was based on some strong assumptions, briefly explain all those assumptions.

c)Explain M&M capital structure Irrelevance theory (without Corporate Tax, 1958) and M&M capital structure relevance theory (with Corporate Tax 1963) with the help of "Proposition I & II".