The beginning of the modern theory of finance was marked by:
A)the approach used by Modigliani and Miller.
B)the approach used by John and Williams.
C)the approach taken by Berk and DeMarzo.
D)the approach taken by Dan Harris.

Question

Quizplus · Accepted Answer

The modern theory of finance was marked by the influential work of Modigliani and Miller in the 1950s and 1960s. They developed a groundbreaking approach to the theory of corporate finance, known as the Modigliani-Miller theorem, which provided a framework for understanding the relationship between a firm's capital structure and its value.

The Beginning of the Modern Theory of Finance Was Marked