M&M Theorem argue that in a world with no taxes, capital structure does not matter. Why is
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M&M Theorem argue that in a world with no taxes, capital structure does not matter. Why is this the case? How will their argument change in the real world? Discuss and illustrate the change in firm value with an appropriate graph under real world conditions.
Related Book For
Corporate Finance
ISBN: 9780077173630
3rd Edition
Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe
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