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Author Question: What is the major contribution of the Miller model? (Read 343 times)

bubba123

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on: Aug 7, 2023
What is the major contribution of the Miller model?

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It demonstrates that debt costs increase with financial leverage.


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It demonstrates that financial distress and agency costs reduce the value of using corporate debt.


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It demonstrates that personal taxes can eliminate the benefits of debt financing.


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It demonstrates that personal taxes decrease the value of using corporate debt.

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by bubba123 on Aug 7, 2023

mamboz

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Reply #1 on: Aug 7, 2023
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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bubba123

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Reply 2 on: Aug 7, 2023
Great answer, keep it coming :)

amcvicar

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Reply 3 on: Yesterday
Excellent

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