Question: What are the main implications for the financial manager who accepts the arguments of: (a) The traditional approach (b) The MM (excluding tax effects) approach

What are the main implications for the financial manager who accepts the arguments of:
(a) The traditional approach
(b) The MM (excluding tax effects) approach
(c) The MM (including tax effects) approach concerning capital structure?

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a The traditional approach requires that financial managers should try to establish the mix of debts... View full answer

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