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Modigliani and Miller put forward the idea that the choice of capital structure is irrelevant to the value of the firm Required: Describe the Modigliani

Modigliani and Miller put forward the idea that the choice of capital structure is irrelevant to the value of the firm

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  1. Describe the Modigliani and Miller capital structure theories as fully as possible. Include assumptions made and any key propositions made by Modigliani and Miller. Critically evaluate this theory with regard to its relevance to the real world.

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