Nematrian Reference Library
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| Reference | Title | Link |
| Modigliani, F. and Miller, M.H. (1958) | The cost of capital, corporation finance and the theory of finance | here |
Opening sentence
"What is the “cost of capital” to a firm in a world in which funds are used to acquire assets whose yields are uncertain, and in which capital can be obtained by many different media, ranging from pure debt instruments, representing money-fixed claims, to pure equity issues, giving holders only the right to a pro-rata share in the uncertain venture?" |
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