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8 May, 06:27

Modigliani and Miller's first article led to the conclusion that capital structure is extremely important, and that every firm has an optimal capital structure that maximizes its value and minimizes its cost of capital.

a. Trueb. False

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Answers (1)
  1. 8 May, 08:21
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    b. False

    Explanation:

    Both of them worked on the capital structure theory and won Nobel Prizes for it.
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