现代企业资本结构概念讲义.pptxVIP

Chapter Outline;;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 MM Proposition I (Corp. Taxes);The MM Proposition II (Corp. Taxes);;;;Summary: No Taxes;Summary: Taxes;Prospectus: Bankruptcy Costs