Using Modigiliani and Millerâ€™s Proposition II, determine the required return on unleveraged equity.
Evaluate why violations of the Modigiliani and Miller assumptions of perfect markets require revisions to your capital budgeting analysis.
Purpose alternative ways in which investors can receive cash returns from their investment in the equity of a company.
Modigliani Miller Part 1
M&M Propositions I & II with no taxes and no bankruptcy costs