Question
Two firms, Firm A and Firm B, are identical in all
respects except their capital structure. • Firm A (Unlevered): It is entirely equity financed with equity capital of ₹10,00,000. • Firm B (Levered): It has equity capital of ₹5,00,000 and debt capital of ₹5,00,000, carrying an interest rate of 10% per annum. • The expected EBIT of both firms is ₹2,00,000. • Assume there are no corporate taxes and capital markets are perfect. You are required to calculate the value of both firms under the Modigliani and Miller (MM) Approach (No Taxes) and briefly state the principle underlying your result.Solution
MM without taxes says value independent of capital structure. Value = EBIT/Ke. Same for both firms. 
Unclaimed documents for a period exceeding ……….. may be destroyed.
After issuing a notice under section 8 of the PMLA, what steps must the Adjudicating Authority take before recording a finding?
As per the Code on wages, 2019 the Central Government shall fix floor wage taking into account __________ of a worker in such manner as may be prescribed
Under Section 59 of the Indian Succession Act, 1925, what are the comprehensive requirements for testamentary capacity?
Which of the following powers does NOT belong to the Central Consumer Protection Authority (CCPA) under the Consumer Protection Act, 2019?Â
In which section is the offence of Rioting defined under IPC?
Section 8(1)(g) empowers the Commission to tender advice to Central Government, corporations etc. on matters:
As per section 150 of the Contract Act________ is bound to disclose to the faults in the goods bailed, of which he is aware, and which materially inter...
If a partner earns some profit for himself from the business of the firm?
A transferee of a decree holds____________.
