Now showing items 1-2 of 2

    • A capital structure model (CSM) with tax rate changes 

      Hull, Robert M.
      Perpetuity gain to leverage (GL) research originates in Modigliani and Miller (1963) and was extended by Miller (1977) to incorporate personal taxes. This research analyzes GL when issuing debt to retire unlevered equity. ...
    • Debt-Equity Decision-making with Wealth Transfers 

      Hull, Robert M.
      This paper offers an instructional exercise to help the debt-equity decision-making process when there are wealth transfers between equity and debt owners caused by a levered firm undertaking multiple debt-equity increments. ...