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Capital Structure and Gearing

P/F/280. Modigliani-Miller: value of a company.

WORDS:
1800
DATE:
2005
PRICE:
19.99 GBP

The paper critically discusses the following statement: Modigliani-Miller contended that, in a perfect capital market, the value of a company depends simply on its operating income stream and the degree of business risk attaching to this, regardless of the actual capital structure.

 

KEYWORDS: f, modigliani-miller, value, company,