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Discuss MM's later models (1963) in which they relaxed the no-tax assumption and added corporate taxes. Discuss Proposition I and II. Miller added personal taxes
- Discuss MM's later models (1963) in which they relaxed the no-tax assumption and added corporate taxes.
- Discuss Proposition I and II. Miller added personal taxes to the model in his 1976 Presidential Address to the American Finance Association.
- What happens to Miller's model, in general, if there are no corporate or personal taxes?
- What happens when only corporate taxes exist?
This is the entire question. I already understand the first question (bullet point), but where I am stuck are the bold bullet points.
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
