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Problem: Modigliani and Miller (M&M) (1958) advanced the idea that, if your objective is to maximise shareholder value, the debt to equity ratio is irrelevant. However, they did comment that this conclusion only held in a world of no taxes. In a world with tax, MM counter argued that it was better to 'gear-up' a company as high as possible.
Required:
Question: Discuss M&M's theoretical arguments in relation to the real-world influences on the gearing level adopted by firms. Does an 'optimum' level of gearing really exist?
1) What is preemption? What is its purpose? 2) What is swapping? What is its purpose?
Imagine the university that employs you as an information security professional has recently identified the need to design and build a digital forensic laboratory. You have been tasked with designing the lab for the organization.
The task is to animate a cat chasing a mouse as it tries to get close enough to catch it (within 1 foot). Of course, as the cat continues to chase the mouse, the mouse is also running away and moves to random positions, trying to lose the cat. You wa..
Othello played on a 6 × 6 board is a forced win for black. Prove this assertion by writing a program. What is the final score if play on both sides is optimal?
Mention one application that is attractive to parallelize.
Identify and using high/ low context culture, explain what are the cultural factors which might have created and worsened the situation between Danone and Wahah
In addition to what legislators and courts can do to ensure the law is fulfilling its purpose, is there something that citizens should be doing as well?
Write state equations for the system using the state-variables indicated.
If Amelia Hardhearted were to issue a new bond with the same characteristics as the old bond, what is the after-tax yield to maturity likely to be?
Discuss with Sally what is required to be considered an effective computer language. Suggest three characteristics that make up an effective computer language.
Display a message indicating whether the player's guess was correct, too high, or too low. (After you fi nish Chapter 4, you will be able to modify the application so that the user can continue to guess until thecorrect answer is entered.)
Facebook - Cambridge scandal was first at play, but it was not a significant amount of users. Does this mean that uses are just enabling these privacy scandals?
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