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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 .
File:Chevrolet Apache, 1961.jpg. Add languages. Page contents not supported in other languages. ... MIME type: image/jpeg) This is a file from the Wikimedia Commons.
The rational expectations hypothesis is considered by economists [11] to originate in the [12] paper written by Modigliani and Emile Grunberg in 1954. [13] [14] When he was a member of the Carnegie Mellon University faculty, he formulated in 1958, along with Merton Miller, the Modigliani–Miller theorem for corporate finance.
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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 .
Chevrolet dropped the "x-wood" names for their station wagon models at the end of 1961 so the 1962 Corvair Station wagons do not continue the Lakewood name. In appearance, and technical respects it resembled the Volkswagen Type 3 Squareback , but power came from the Corvair's rear-mounted Chevrolet Turbo-Air 6 engine with 145 cu.in ...
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.