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Why Was Divorce a Difficult Option During the 1950s

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Why was divorce a difficult option during the 1950s?


Definitions:

Involuntary Bankruptcy

A legal process initiated by creditors seeking to recover debts from a debtor who has stopped making payments.

M&M Proposition II

A theory in corporate finance that suggests a company's cost of equity capital is a linear function of its capital structure, under a no-tax scenario.

Interest Tax Shield

The savings in income tax that a company achieves through deducting its interest expense from its taxable income.

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