<p>Debt or equity? Peek inside the Modigliani–Miller lab and the real-world frictionsthat bend theory.</p><ul> <li>WACC, target weights, pecking-order & agency costs.</li>  <li>MM props I & II—tax shields, distress costs, optimal leverage.</li>  <li>Market timing & hybrid instruments (convertibles, prefs).</li>  <li>Signals management sends when it sells stock or borrows big.</li></ul>

Debt or equity? Peek inside the Modigliani–Miller lab and the real-world frictionsthat bend theory. WACC, target weights, pecking-order & agency costs. MM props I & II—tax shields, distress costs, optimal leverage. Market timing & hybrid instruments (convertibles, prefs). Signals management sends when it sells stock or borrows big.

<p>Debt or equity? Peek inside the Modigliani–Miller lab and the real-world frictionsthat bend theory.</p><ul> <li>WACC, target weights, pecking-order &amp; agency costs.</li>  <li>MM props I &amp; II—tax shields, distress costs, optimal leverage.</li>  <li>Market timing &amp; hybrid instruments (convertibles, prefs).</li>  <li>Signals management sends when it sells stock or borrows big.</li></ul>

CORP - Capital Structure

Master the complete CFA® Level I curriculum—one learning module at a time. Each episode is a concise, high‑impact dialogue that explains core concepts in plain English, with zero fluff and no long intro/outro. Perfect for commuters, last‑minute crammers, and anyone who learns best by listening. Independently produced; not affiliated with, sponsored by, or endorsed by CFA Institute.

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Master the complete CFA® Level I curriculum—one learning module at a time. Each episode is a concise, high‑impact dialogue that explains core concepts in plain English, with zero fluff and no long intro/outro. Perfect for commuters, last‑minute crammers, and anyone who learns best by listening. Independently produced; not affiliated with, sponsored by, or endorsed by CFA Institute.

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CORP - Capital Structure

CORP - Capital Structure