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One of the important topics we covered was ModiglianiMiller theorem, which basically means if there...

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Finance

One of the important topics we covered was ModiglianiMiller theorem, which basically means if there were no outside factors (like taxes, bankruptcy costs, agency costs, and the markets being totally efficient) that the value of the firm is not affected at all by how the firm is financed. If you had a choice, which way do you think is the best method to finance a company and why (could be anything, i.e. equity or debt)?

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