Using appropriate diagrams to illustrate your answer, discuss the capital structure propositions of Modigliani and Miller (1958 and 1963) and critically examine the implications for the financial manager who accepts the propositions.
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Using appropriate diagrams to illustrate your answer, discuss the capital structure propositions of Modigliani and Miller (1958 and 1963) and critically examine the implications for the financial manager who accepts the propositions.
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