Now showing items 1-2 of 2

    • A Capital Structure Model with Growth (FINAL) 

      Hull, Robert M.
      This paper broadens perpetuity gain to leverage (GL) research by analyzing the role of growth within the Capital Structure Model (CSM) formalized by Hull (2007). We demonstrate that internal equity is more expensive than ...
    • Leverage Borrowing Rates, Tax Rates And Growth Rates 

      Hull, Robert M.
      This paper extensively broadens the perpetuity gain to leverage (GL) equations of Modigliani and Miller (1963) and Miller (1977) by developing a capital structure model (CSM) that contains a series of perpetuity GL equations ...