Is the M&M capital structure irrelevance theorem applicable in banking? Why or why not?
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Is the M&M capital structure irrelevance theorem applicable in banking? Why or why not?
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Yes MM propositions do apply in principle to banks but one mus...View the full answer
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Related Book For
Contemporary Financial Intermediation
ISBN: 9780124052086
4th Edition
Authors: Stuart I. Greenbaum, Anjan V. Thakor, Arnoud Boot
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