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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 .
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 ...
In the early part of the decade, sales were strong, thanks in no small part to the company's history of building small cars, which came into vogue in 1961. [30] 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]
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1961 Ohio elections (1 P) S. 1961 in sports in Ohio (50 P) Pages in category "1961 in Ohio" This category contains only the following page. This list may not reflect ...
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The 1955 show dates were New York (January 20–25), Miami (February 5–13), Los Angeles (March 5–13), San Francisco (March 26 to April 3), Boston (April 23 to May 1). Exhibited at these venues were the Buick Wildcat III, Chevrolet Biscayne, Pontiac Strato Star, Oldsmobile 88 Delta, LaSalle II roadster and sedan, and Cadillac Eldorado Brougham.
The Chevrolet Parkwood was a station wagon built by Chevrolet from 1959 to 1961. As the station wagon equivalent of the Bel Air passenger car series, it represented the middle member of the Chevrolet station wagon lineup of those years, above the lowest-priced Brookwood models, but below the luxury-leader Nomad .