Loading ... about 2 days contents of a 250ml cup of coffee. It only takes you two hours to process it trough your system if you weight 200 lb, you will loose 50% of it on your first urine, but it does not clear completely out of your system for about two days.
Business Week recently ran an article on companiesâ debt policies, and the names Modigliani and Miller (MM) were mentioned several times as leading researchers on the theory of capital structure. Briefly, who are MM, and what assumptions are embedded in the MM and Miller models? Answer: Modigliani and Miller (MM) published their first paper on capital structure (which assumed zero taxes) in 1958, and they added corporate taxes in their 1963 paper. Modigliani won the Nobel Prize in economics in part because of this work, and most subsequent work on capital structure theory stems from MM. Here are their assumptions: â¢ Firmsâ business risk can be measured by Ï EBIT , and firms with the same degree of risk can be grouped into homogeneous business risk classes.
Modigliani and Miller produced two propositions, the first concerning the invariance of firm value. to its capital structure and the other concerning its invariance to dividend policy. But it is the first of. these two propositions that has always attracted most of the attention, including that of MM.