Hedge Your Hedge Say it ain’t so.  How many more obscure, undercapitalized financial institutions are lurking in the midst?  According to a New York Times investigative article, and summarized here, Customer Asset …

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Milken: Why Capital Structure Matters

Modigliani-Miller Proposition II CAPM

Michael Milken, the former junk bond king, explains why capital structure matters and how it should be modified with regard to market signals.

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