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Author Question: When Modigliani and Miller revised their original model to include taxes, they concluded that (Read 803 times)

yoroshambo

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on: Apr 25, 2021
When Modigliani and Miller revised their original model to include taxes, they concluded that
◦ firms should reduce their degree of financial leverage.
◦ tax avoidance does not alter a firm's value.
◦ tax increases lower a firm's value.
◦ firms should use only debt in their capital structure.
◦ taxes also have no bearing on the capital structure decision.
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by yoroshambo on Apr 25, 2021

stano32

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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yoroshambo

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Reply 2 on: Apr 25, 2021
Gracias!

Joy Chen

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Reply 3 on: Yesterday
Excellent

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