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An Alternative Proof of the B-M Theorem on the Existence of the Firm's Optimal Capital Structure

William Sher

Duquesne University

Quarterly Journal of Economics 1973

I. Introduction, 474. — II. Limited liability of stockholders and the asymmetry of investor's opportunity locus in relation with company opportunity locus, 475. — III. Conclusion, 481.

DOI
10.2307/1882016
Volume
87 (3)
Pages
474
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