What is the essence of Millers contribution to the theory of capital structure, and how does it

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What is the essence of Miller’s contribution to the theory of capital structure, and how does it relate to the earlier MM with-taxes position?

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Intermediate Financial Management

ISBN: 978-1111021573

10th Edition

Authors: Brigham, Daves

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Question Posted: Feb 03, 2012 01:50 AM

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What is the essence of Millers contribution to the theory of capital structure, and how does it

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Miller added personal income taxes to the MM equation He argued 1 That the personal tax rate was hig...View the full answer

Intermediate Financial Management

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