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Bankruptcy
A legal proceeding involving a person or business that is unable to repay outstanding debts, leading to asset liquidation or debt reorganization.
Corporate Tax Rate
Corporate tax rate is the percentage of a corporation's profits that is paid to the government as tax.
Debt Ratio
The portion of assets financed by debt, showing the extent to which a company relies on borrowed funds for its operations.
MM Model
Refers to the Modigliani-Miller theorem, a foundational concept in corporate finance that states that under certain market conditions, the value of a firm is unaffected by how it is financed.
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