Best destinations in usa for Modigliani's most controversial assumption is that people save only for their own consumption, not for their heirs. In 1958, Modigliani and Merton MILLER argued for the Modigliani-Miller theorem, showing that (under certain assumptions) a corporation's value was unaffected by the amount or structure of its debts. This was significant not merely because of what it proved, but because prior to their work, there had been very little theoretical analysis of corporate finance. Throughout his career, even into his eighties, Modigliani remained influential among economists and was engaged in the political economies of America and Europe.
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Best Destinations In Usa
BIBLIOGRAPHY.J.M. Best destinations in usa 2016.