Self Exams
Essay specific features
Written by:
Hattie C
Date added:
December 16, 2016
Level:
University
Grade:
A
No of pages / words:
7 / 1688
Was viewed:
7308 times
Rating of current essay:
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...
displayed 300 characters
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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...
displayed 300 characters
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