… By 1963, however, with corporate debt ratios in the late 1950s not much higher than in the
low tax 1920s (see Miller, 1963) we seemed to face an unhappy dilemma: either corporate …

What is the" cost of capital" to a firm in a world in which funds are used to acquire assets
whose yields are uncertain; and in which capital can be obtained by many different media, …

We present sufficient conditions for taxable investors to be indifferent to dividends despite tax
differentials in favor of capital gains (Strong Invariance Proposition). The conditions include …

… An analogous argument in the context of the lease-or-buy decision is given in Miller and
Upton [26]. Reasoning of essentially this kind has also long been invoked to explain the …

Tz i~ xeffect of a firm's dividend policy on the current price of its shares is a matter of considerable
importance, not only to the corporate officials who must set the policy, but to investors …

The purpose of this communication is to correct an error in our paper" The Cost of Capital,
Corporation Finance and the Theory of Investment"(this Review, June 1958). In our discussion …

In this reply to the two preceding comments, we shall concentrate on certain issues raised by
David Durand. To JR Rose we can only apologize for having led him astray by our failure to …

The importance of vesicular arbuscular mycorrhizas (VAM) in an agricultural crop
production system depends largely on our ability, through soil management, to increase the …

… qualifications appended to it as in the original Miller-Modigliani (hereafter referred to as MM)
… truth and the price will presumably then fall back as Miller and Modigliani 33, [p. 430] and …

Previously described methods to quantify the proportion of root length colonized by vesicular‐arbuscular
(VA) mycorrhizal fungi are reviewed. It is argued that these methods give …