Question: 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

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 ________.?

In their first venture into the optimal capital structure question, Nobel laureates

?no taxes and no bankruptcy

Franco Modigliani and Merton Miller began with a very simple model and

?taxes but no bankruptcy

a hypothetical world of ________.? ?no taxes and no bankruptcy ?taxes but

?both taxes and bankruptcy

no bankruptcy ?both taxes and bankruptcy ?bankruptcy costs but no taxes

?bankruptcy costs but no taxes

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