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| Capital Structure and Debt Policy: A Basic Overview |
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| We've all been told since childhood that debt is bad and that it can make you poor. However, in traditional corporate finance, it is actually believed that more debt is good! Note that I say "traditional" because a more modern view by Modigliani and Miller says that it doesn't matter whether a company has more debt or less debt. But it still doesn't support your parents' "no debt" advice! |
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Category: Finance Read entire article ...
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