Now showing items 1-2 of 2

    • A Capital Structure Model (CSM) with Wealth Transfers 

      Hull, Robert M.
      Perpetuity gain to leverage (GL) research originating in Modigliani and Miller (1963) and Miller (1977) analyzes the change in value from issuing debt to retire unleveraged equity. Hull (2007, 2010) extends this research ...
    • 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. ...