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The Millers model proved that a firms value is unaffected by its capital structure. But their study was based on some assumptions that: There are
The Millers model proved that a firms value is unaffected by its capital structure. But their study was based on some assumptions that:
There are no personal taxes. | ||
There are no corporate taxes. | ||
There are no corporate taxes and personal taxes. | ||
There are corporate taxes and personal taxes. |
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