tag:blogger.com,1999:blog-7658874470833994309.post1582858267221060361..comments2023-10-20T10:46:21.208+01:00Comments on Knowing and Making: Modigliani-Miller and West BromLeigh Caldwellhttp://www.blogger.com/profile/16150868700502562500noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7658874470833994309.post-9106731658796562502009-06-13T14:39:02.834+01:002009-06-13T14:39:02.834+01:00Agreed - that's the point of the posting! So w...Agreed - that's the point of the posting! So which of the conditions are (most) violated in this case?Leigh Caldwellhttps://www.blogger.com/profile/16150868700502562500noreply@blogger.comtag:blogger.com,1999:blog-7658874470833994309.post-42778379356627541892009-06-13T14:18:29.080+01:002009-06-13T14:18:29.080+01:00Please delete that "economics says"! It ...Please delete that "economics says"! It simply doesn't and there are plenty of textbooks that explore the myriad ways in which the MM conditions are not satisfied (e.g., Jean Tirole's "The Theory of Corporate Finance").Anonymousnoreply@blogger.com