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Which of the following statements about capital structure theories is most accurate? A. Based on signaling theory, if a firm issues new common stock it means that the firm thinks future investment prospects are better than normal. B. In a Modigliani and Miller (MM) world with taxes, but no bankruptcy cost, you would expect to see firms taking on very little debt. C. In a world with taxes and bankruptcy costs one would expect there to be an optimal capital structure where the cost of capital is minimized and share price is maximized. |