Suppose that new security designs could be patented. The patent holder could restrict use of the new

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Suppose that new security designs could be patented. The patent holder could restrict use of the new design or charge other firms royalties for using it. What effect would such patents have on MM’s capital-structure irrelevance theory?

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Principles of Corporate Finance

ISBN: 978-0077404895

10th Edition

Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen

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Question Posted: Dec 31, 2012 09:44 AM

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Principles of Corporate Finance

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