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  3. Study Set
    Intermediate Financial Management
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    Exam 15: Cap Structure
  5. Question
    Miller and Modigliani Had Incorporated the Costs of Bankruptcy into Their
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Miller and Modigliani Had Incorporated the Costs of Bankruptcy into Their

Question 31

Question 31

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Miller and Modigliani had incorporated the costs of bankruptcy into their model, it is unlikely that they would have concluded that 100% debt financing is optimal.

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