The Modigliani and Miller hypothesis suggests that capital structure doesn't matter. All of the
following conditions need to be met for this hypothesis to be true EXCEPT
A) all corporate net income is paid out as dividends.
B) corporate income is not subject to taxation.
C) capital structure consists only of stocks and bonds.
D) securities are traded in perfect or efficient markets.
A
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________ of workers feel confident they will have enough money to live comfortably in retirement, only ________ have actually tried to calculate how much they will need when in retirement
A) 50 percent; 33 percent B) 70 percent; 43 percent C) 85 percent; 53 percent D) 90 percent; 73 percent
What is budgetary slack? What are the pros and cons of building slack into the budget from the point of view of (a) an employee and (b) a senior manager?
What will be an ideal response?