Miller- Modigliani(MM) Hypothesis

Introduction to the Miller-Modigliani Hypothesis Have you wondered if and how a company’s debt and equity affect its total value? In essence, Miller-Modigliani (MM) Hypothesis seeks to explain that point. Franco Modigliani and Merton Miller were economists who proposed this theory in the 1950s and 1960s. The MM Hypothesis introduced the idea that a firm’s … Read more