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Wednesday, October 8, 2008

Fin251

Modigliani and Miller's propositions. Something about being debt free through leverage. People don't realise the implication of using real ArSSets. The WACC of an unlevered firm is the same as a levered firm. Capital structure of a levered firm is not important. Going through what happens to the MM propositions as each assumption is relaxed.

Composed and transmitted from my iPod Touch

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