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The Modigliani–Miller theorem (of Franco Modigliani, Merton Miller) is an influential element of economic theory; it forms the basis for modern thinking on capital structure. [1] The basic theorem states that in the absence of taxes , bankruptcy costs, agency costs , and asymmetric information , and in an efficient market , the enterprise ...
Merton Howard Miller (May 16, 1923 – June 3, 2000) was an American economist, and the co-author of the Modigliani–Miller theorem (1958), which proposed the irrelevance of debt-equity structure. He shared the Nobel Memorial Prize in Economic Sciences in 1990, along with Harry Markowitz and William F. Sharpe .
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In both 1960 and 1961, Ramblers ranked in third place among U. S. automobile sales, [31] up from third on the strength of small-car sales, even in the face of a lot of new competition. [30] Romney's strategic focus was very successful, as reflected in the firm's healthy profits year after year. The company became completely debt-free.
Franco Modigliani ((US: / ˌ m oʊ d iː l ˈ j ɑː n i /; Italian: [modiʎˈʎaːni]; 18 June 1918 – 25 September 2003) [1] was an Italian-American economist and the recipient of the 1985 Nobel Memorial Prize in Economics.
The Chevrolet Biscayne was a series of full-size cars produced by the American manufacturer General Motors through its Chevrolet division between 1958 and 1975. Named after a show car displayed at the 1955 General Motors Motorama, the Biscayne was the least expensive model in the Chevrolet full-size car range (except the 1958-only Chevrolet Delray).
1957 Chevrolet Bel Air convertible, one of the most iconic autos of the era [1]. The 1950s were pivotal for the American automobile industry.The post-World War II era brought a wide range of new technologies to the automobile consumer, and a host of problems for the independent automobile manufacturers.
Chevrolet's 1959 and '60 Kingswoods (as well as the rest of Chevy's full size line up) still featured Chevrolet's "Safety-Girder" cruciform frame introduced in '58. Similar in layout to the frame adopted for the 1957 Cadillac, it featured box-section side rails and a boxed front cross member that bowed under the engine, these "X-frames" were ...