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What Is the Modigliani-Miller (M&M) Theorem, and How Is It Used?

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The Modigliani-Miller theorem (M&M) states that the value of a company is based on its future earnings while its capital structure is irrelevant.
What Is the Modigliani-Miller (M&M) Theorem, and How Is It Used?
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What Is the Modigliani-Miller (M&M) Theorem, and How Is It Used?
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