摩羯大小姐 · 2022年02月01日
NO.PZ2021091701000028
问题如下：
According to Modigliani and Miller’s Proposition II without taxes:
选项：
A. the capital structure decision has no effect on the cost of equity.
B. investment and the capital structure decisions are interdependent
C. the cost of equity increases as the use of debt in the capital structure
increases.
解释：
C is correct. The cost of equity rises with the use of debt in the capital structure
(e.g., with increasing financial leverage).
MOM proposition需要展开讲解下，
王琛_品职助教 · 2022年02月02日
嗨，爱思考的PZer你好：
关于选项 A 和 C 的辨析，我之前刚好总结过，请同学参考一下：https://class.pzacademy.com/qa/56890
关于 MM 理论，通过课后题的考查形式及要求，咱们只要能掌握好理论的结论即可，一般是定性考查
----------------------------------------------努力的时光都是限量版，加油！
NO.PZ2021091701000028 问题如下 Accorng to Mogliani anMiller’s Proposition II without taxes: A.the capitstructure cision hno effeon the cost of equity. B.investment anthe capitstructure cisions are interpennt C.the cost of equity increases the use of in the capitstructure increases. C is correct. The cost of equity rises with the use of in the capitstructure (e.g., with increasing financileverage). a说的是re的变化对资本结构影响。不是说在no taxes的情况下左右两边互不影响的嘛，那re的变化也不会影响到资本结构啊
NO.PZ2021091701000028问题如下 Accorng to Mogliani anMiller’s Proposition II without taxes: A.the capitstructure cision hno effeon the cost of equity.B.investment anthe capitstructure cisions are interpenntC.the cost of equity increases the use of in the capitstructure increases. C is correct. The cost of equity rises with the use of in the capitstructure (e.g., with increasing financileverage). MM2不就是说稅盾好处会带来asset value增加吗？那资本结构和investment就是有关系的吖
NO.PZ2021091701000028 问题如下 Accorng to Mogliani anMiller’s Proposition II without taxes: A.the capitstructure cision hno effeon the cost of equity. B.investment anthe capitstructure cisions are interpennt C.the cost of equity increases the use of in the capitstructure increases. C is correct. The cost of equity rises with the use of in the capitstructure (e.g., with increasing financileverage). B的意思不太理解。
NO.PZ2021091701000028问题如下 Accorng to Mogliani anMiller’s Proposition II without taxes: A.the capitstructure cision hno effeon the cost of equity. B.investment anthe capitstructure cisions are interpennt C.the cost of equity increases the use of in the capitstructure increases. C is correct. The cost of equity rises with the use of in the capitstructure (e.g., with increasing financileverage). 如题
