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 Glossary   >   M   >   "Modigliani and Miller Proposition I" Definition   

        Modigliani and Miller Proposition I

A proposition by Modigliani and Miller which states that a firm cannot change the total value of its outstanding securities by changing its capital structure proportions. Also called the irrelevance proposition.

Modigliani and Miller Proposition I


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Modigliani and Miller Proposition I - A proposition by Modigliani and Miller which states that a firm cannot change the total value of its outstanding securities by changing its capital structure proportions. Also called the irrelevance proposition.


Modigliani and Miller Proposition I : a proposition by modigliani and miller which states that a firm cannot change the total value of its outstanding securities by changing its capital structure proportions. also called the irrelevance proposition.