Using the Modigliani and Miller framework but excluding the assumptions that there are no taxes and no

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Using the Modigliani and Miller framework but excluding the assumptions that there are no taxes and no information or transaction costs, describe the value of the firm as a function of the proportion of debt in its capital structure.

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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