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Question 6. (10 marks) (Not required for 2019S2 FINM7007 students) Answer the following questions regarding Modigliani-Miller (MM) theorem a. Explain the implications of Modigliani-Miller (MM)

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Question 6. (10 marks) (Not required for 2019S2 FINM7007 students) Answer the following questions regarding Modigliani-Miller (MM) theorem a. Explain the implications of Modigliani-Miller (MM) theorem on capital structure. (3 marks) b. Do the predictions from MM theorem hold in the real world? Why

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