CORPORATE FINANCE

Session 05

 

 

Main textbook for the course : Ross, Westerfield, Jordan

 

Modigliani-Miller theory of capital structure

Textbook chapter 17

 

Financial analysts and the Irak crisis

Why the analysts do not agree ? If they did the market would move to the point where they do not... (for oil price for instance).

 

The Dow Jones index over the past century :

Source : http://www.djindexes.com