Modigliani and Miller developed a theory describing a firm's optimal capital structure, ranging from a basic model
Fantastic news! We've Found the answer you've been seeking!
Question:
Modigliani and Miller developed a theory describing a firm's optimal capital structure, ranging from a basic model assuming no corporate taxes, to an intermediate model including corporate taxes, and ultimately a model providing for costs of financial distress.
"Do you agree or disagree that all three models are NOT practically applicable in real world". Provide examples to justify your comment.
Can you please help out with this one?
Posted Date: