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Levered Cost of Equity
The rate of return required by shareholders of a company that employs debt in its capital structure, reflecting the increased risk.
WACC
A method for calculating a business's cost of capital, the Weighted Average Cost of Capital involves proportionally weighting each form of capital.
Miller Model
A theory on dividend policy that integrates the effect of personal income tax to contrast the Modigliani-Miller dividend irrelevance theory.
Personal Taxes
Taxes levied on the income or assets of individuals, as opposed to taxes imposed on companies.
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