第十五章 资本结构：基本概念.pptVIP

Chapter Outline;The Capital-Structure Question and The Pie Theory;The Capital-Structure Question;Financial Leverage, EPS, and ROE ;EPS and ROE Under Current Capital Structure;EPS and ROE Under Proposed Capital Structure;EPS and ROE Under Both Capital Structures;Financial Leverage and EPS;Assumptions of the Modigliani-Miller Model;Homemade Leverage: An Example;Homemade (Un)Leverage: An Example;The MM Propositions I II (No Taxes);The MM Proposition I (No Taxes);The MM Proposition II (No Taxes);The Cost of Equity, the Cost of Debt, and the Weighted Average Cost of Capital: MM Proposition II with