Selected Works of Merton H. Miller: A Celebration of Markets: Volume 1
Subtitle: Finance
Contributors: Bruce D. Grundy (Editor)
Publisher: University Of Chicago Press
Published: June 1, 2002
Language: eng
Format: Hardcover
Number of pages: 465
ISBN-13: 9780226527475
Subjects: Business & Economics; Business / Economics / Finance; Business/Economics; Economics - General; Business & Economics / Economics / General; Corporations; Economics; Finance
First sentence: What is the "cost of capital" to a firm in a world in which funds are used to acquire assets whose yields are uncertain; and in which capital can be obtained by many different media, ranging from pure debt instruments, representing money-fixed claims, to pure equity issues, giving holders only the right to a pro-rata share in the uncertain venture?