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CAPITAL STRUCTURE
What is “Capital Structure”? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Financial Structure
What is “Capital Structure”? ,[object Object],Current  Current   Assets   Liabilities   Debt Fixed     P reference  shares Assets     Ordinary   shares   Capital Structure
Definition ,[object Object],[object Object],[object Object]
Why is it important? ,[object Object],[object Object]
Factors affecting capital structure ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Assumptions Of Capital Structure ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Theories ,[object Object],[object Object],[object Object]
Net Income (NI) Approach ,[object Object],[object Object],[object Object]
Assumptions of NI Theory ,[object Object],[object Object],[object Object]
Net Operating Income (NOI) Approach ,[object Object],[object Object],[object Object]
Assumptions of NOI Theory ,[object Object],[object Object],[object Object],[object Object]
MM Approach Without Tax: Proposition I ,[object Object]
MM Approach Without Tax: Proposition II ,[object Object]
MM Hypothesis With Corporate Tax ,[object Object],[object Object]
Assumptions of M-M Approach ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Traditional Theory ,[object Object],[object Object],[object Object]
Features of an Appropriate Capital Structure ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Capital structure defenition