What is arbitrage, and how did Modigliani and Miller use the arbitrage concept in developing their theory
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Capital Structure
Capital structure refers to a company’s outstanding debt and equity. The capital structure is the particular combination of debt and equity used by a finance its overall operations and growth. Capital structure maximizes the market value of a...
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Arbitrage is generally thought of as the process of buying an item in one market and ...View the full answer
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