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Title: Self Exams

Essay Details

Subject: Technology
Author: Robert L
Date: January 15, 2017
Level: University
Grade: A
Length: 6 / 1688
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

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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