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Issue:

Technology

 

Written by:

Hattie C

 

Date added:

December 16, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1688

 

Was viewed:

7201 times

 

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Essay content:

Bruce Lehmann's lecture notes from his introduction to corporate finance lay out some of the principals of the Nobel-Prize winning work of Franco Modigliani and Merton Miller. The most-relevant comments start on page 5, noting what some of the implications are: 1. Managers should always maximize net present value (NPV) 2...
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The most-relevant comments start on page 5, noting what some of the implications are: 1. Managers should always maximize net present value (NPV) 2. There are problems when firms near bankruptcy or their inability to produce positive cash flow 3. There are inevitable battles over capital structure between cash cows and growing business units...
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