| Author: | Hak Choi | ISBN: | 1230002047140 |
| Publisher: | Hak Choi | Publication: | December 13, 2017 |
| Imprint: | Language: | English |
| Author: | Hak Choi |
| ISBN: | 1230002047140 |
| Publisher: | Hak Choi |
| Publication: | December 13, 2017 |
| Imprint: | |
| Language: | English |
What is MM theorem? It is an important theory in financial management. It encourages borrowing, for 1. borrowing does not affect the value of a firm; 2. borrowing raises yield; 3. borrowing lowers cost of capital; 4. borrowing is tax-deductible.
With so many advantages, why not borrow? Unfortunately, we do not obtain the borrowing. Only the privileged obtain, and they do even have to pay back!
This book is written for those who do not borrow or cheat money, by revealing what MM theorem really is.
What is MM theorem? It is an important theory in financial management. It encourages borrowing, for 1. borrowing does not affect the value of a firm; 2. borrowing raises yield; 3. borrowing lowers cost of capital; 4. borrowing is tax-deductible.
With so many advantages, why not borrow? Unfortunately, we do not obtain the borrowing. Only the privileged obtain, and they do even have to pay back!
This book is written for those who do not borrow or cheat money, by revealing what MM theorem really is.
