According to Millers (1977) paper, leverage does not increase firm value, even though interest expense on debt
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In Millers world debt must pay a higher pretax return than equity because interest inco...View the full answer
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Related Book For
Taxes And Business Strategy A Planning Approach
ISBN: 9780132752671
5th Edition
Authors: Myron Scholes, Mark Wolfson, Merle Erickson, Michelle Hanlon
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