Chapter 15 Concept Question 7 at the end of the chapter. Also, does this information contradict or support the MM proposition? Be sure to include material from both chapter 14 and 15 in presenting your answer. Refer to the observed capital structures given in Table 15.3 of the text. What do you notice about the types of industries with respect to their average debt-equity ratios? Are certain types of industries likely to be highly leveraged than others? What are some possible reasons for this observed segmentation? Do the operating results and tax history of the firms play a role? How about their future earnings prospects? Corporate Finance: Core Principles and Applications 3rd edition Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan