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What happened after publication of our paper was that, for the next 40 years, people said, all right, we now know the answer to the capital structure question under ideal conditions.


Merton Miller


#answer #capital #conditions #happened #ideal



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Did you know about Merton Miller?

Macroeconomics: A Neoclassical Introduction. ; R. Miller (1991).

He shared the Nobel Memorial Prize in Economic Sciences in 1990 along with Harry Markowitz and William Sharpe. Miller spent most of his academic career at the University of Chicago's Booth School of Business.

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