Modigliani and Miller Proposition I

0.03 sec.

A proposition by Modigliani and Miller which states that a firm cannot change the total value of its outstanding securities by changing its capital structure proportions. Also called the irrelevance proposition.

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Irrelevance Result
Modigliani and Miller Proposition II

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Modigliani and Miller Proposition I
Modigliani and Miller Proposition II
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