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betterway betterway
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7 years ago
According to Modigliani and Miller, a firm's value is determined solely by the earning power and risk of its assets and that the manner in which it splits its earnings stream between dividends and internally retained funds does not affect this value.
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
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donnabandonnaban
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7 years ago
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betterway Author
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