Modigliani-Miller Theorem - is it Any Good For Business Valuation?
Equilest
JANUARY 8, 2023
The Modigliani-Miller theorem is a fundamental principle in finance that . describe the relationship between the capital structure of the firm and its value. . Their work was groundbreaking at the time and has had a lasting impact on finance. Suppose each firm produces an annual cash flow of 10 million USD.
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