Question: 28 In their first venture into the optimal capital structure question, Nobel laureates Franco Modigliani and Merton Miller began with a very simple model and

28 In their first venture into the optimal capital structure question, Nobel laureates Franco Modigliani and Merton Miller began with a very simple model and a hypothetical world of O taxes but no bankruptcy O no taxes and no bankruptcy O bankruptcy costs but no taxes O both taxes and bankruptcy

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