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单词 MODIGLIANI AND MILLER PROPOSITION I
释义

A proposition that a business’ capital structure change does not necessarily change the business’ total value. A business can finance its operations by debt or withholding share dividend profits, but business’ value continues to be its moneymaking capabilities plus its assets’ risk. Also known as irrelevance proposition and capital structure irrelevance.

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更新时间:2024/10/27 7:26:59