Understanding MM1 In Perfect Capital Markets
Автор: Professor Ikram
Загружено: 2024-11-01
Просмотров: 977
Описание: In this video I explain the famous MM1 Proposition of Capital Structure. Specifically, I explain (grpahically, numerically, AND intuitively) why Modigliani and Miller proposed that (undercertain conditions), capital structure does not matter (for value). I also explain what that implies about the imapct of capital structure on a firm's weighted average cost of capital (WACC).
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