Session 17: The Miller Modigliani Theorem and Financing Hierarchies

In the shortened session that followed the quiz, I look at the Miller Modigliani theorem through the prism of the debt tradeoff. I then move on to looking at how the cost of capital can be used to optimize the right mix of debt and equity. We will continue with this discussion next week. Until next time!Slides: http://www.stern.nyu.edu/~adamodar/podcasts/cfspr17/session17.pdfPost class test: http://www.stern.nyu.edu/~adamodar/pdfiles/cfovhds/postclass/session17Atest.pdf Learn more about your ad choices. Visit megaphone.fm/adchoices