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    Financial Management Theory and Practice Study Set 4
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    Exam 21: Dynamic Capital Structures and Corporate Valuation
  5. Question
    MM Showed That in a World with Taxes, a Firm's
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MM Showed That in a World with Taxes, a Firm's

Question 16

Question 16

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MM showed that in a world with taxes, a firm's optimal capital structure would be almost 100% debt.

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