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Topic 3 - Corporate Issuers
Reading 15 - Capital Structure
0:00 Introduction and Learning Outcome Statements
7:26 LOS: Explain the Modigliani-Miller propositions regarding capital structure;
9:20 LOS: Explain the effects on costs of capital and capital structure decisions of taxes, financial distress, agency costs, and asymmetric information
43:02 LOS: Explain factors an analyst should consider in evaluating the effect of capital structure policy on valuation;
45:30 LOS: Describe international differences in the use of financial leverage, factors that explain these differences, and implications of these differences for investment analysis.