taiwan财务管理_lecture15[17p].pptVIP

24 25 26 The McGraw-Hill Companies, Inc.,2001 15- * Irwin/McGraw-Hill Irwin/McGraw-Hill Chapter 15 Fundamentals of Corporate Finance Third Edition The Capital Structure Decision Brealey Myers Marcus slides by Matthew Will Irwin/McGraw-Hill The McGraw-Hill Companies, Inc.,2001 Topics Covered Debt and Value in a Tax Free Economy Capital Structure and Corporate Taxes Cost of Financial Distress Explaining Financial Choices MM (Debt Policy Doesn’t Matter) Modigliani Miller When there are no taxes and capital markets function well, it makes no difference whether the firm borrows or individual