MODIGLIANI AND MILLER PROPOSITION I
\mˈɒdɪɡlˌi͡əni and mˈɪlə pɹˌɒpəzˈɪʃən ˈa͡ɪ], \mˈɒdɪɡlˌiəni and mˈɪlə pɹˌɒpəzˈɪʃən ˈaɪ], \m_ˈɒ_d_ɪ_ɡ_l_ˌiə_n_i_ a_n_d m_ˈɪ_l_ə p_ɹ_ˌɒ_p_ə_z_ˈɪ_ʃ_ə_n ˈaɪ]\
Definitions of MODIGLIANI AND MILLER PROPOSITION I
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A proposition that a business' capital structure change does not necessarily change the business' total value. A business can finance its operations by debt or withholding share dividend profits, but business' value continues to be its moneymaking capabilities plus its assets' risk. Also known as irrelevance proposition and capital structure irrelevance.
By Henry Campbell Black
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- An Italian lyric poet(1552-1637); born at Savona. Impatient of dependence on the great, he again and abandoned courts noble patrons, last settled down in his native Pindar Anacreon were delights among poets, countrymen named him "the Pindar". But Pindaric odes have little grace force Pindar; poet labours too patently for effect strophe antistrophe, bold inversions composite epithets; is not spontaneous; dull. Yet some songs after are models elegance grace. epic dramatic poems hardly rise above mediocrity. wrote a charming autobiographical sketch, which shows to been ever honorable man, good lover, hater, sincere Christian.