Although the work of Modigliani and Miller produced a near-100% debt mix for firms in a world of taxes,the actual debt-to-equity ratio for most firms falls far short of 100% debt financing.

Name: Although the work of Modigliani and Miller produced a near-100% debt mix for firms in a world of taxes,the actual debt-to-equity ratio for most firms falls far short of 100% debt financing.
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Most firms do not have a 100% debt-to-equity ratio, despite the theoretical model proposed by Modigliani and Miller.

Although the Work of Modigliani and Miller Produced a Near-100