15 minute lesson derivation of “traditional” (or m&m version) after tax wacc

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15-Minute Lesson:
Derivation of “Traditional” (or M&M Version)
After Tax WACC
Reading References:
Miller, Merton H. The Modigliani-Miller Propositions after Thirty Years. Journal of Economic
Perspectives. Fall 1988. The American Economic Associations.
Stulz, Rene M. Merton Miller’s Contribution to Modern Finance. Chapter 40 of The Revolution in
Corporate Finance. Joel M. Stern and Donald H. Chew, Jr. (Editors). MA (USA): Blackwell
Publishing Ltd. 2003. Pages 590-607.
Sukarnen
DILARANG MENG-COPY, MENYALIN,
ATAU MENDISTRIBUSIKAN
SEBAGIAN ATAU SELURUH TULISAN
INI TANPA PERSETUJUAN TERTULIS
DARI PENULIS
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