Examlex
On January 2, Michigan Mining declared a $2-per-share quarterly dividend payable on March 9 to stockholders of record on Friday, February 9.What is the latest date by which you could purchase the stock and still get the recently declared dividend?
M&M Proposition I
A principle of corporate finance stating that the value of a firm is unaffected by how it is financed, in the absence of taxes, bankruptcy costs, and asymmetric information.
Interest Tax Shield
The reduction in income taxes that results from taking allowable deductions for interest expenses.
Capital Structure
The mix of different forms of external financing used by a company, including debt, equity, and hybrid securities.
Tax Shield
The decrease in income tax liability achieved by subtracting permissible deductions like mortgage interest or depreciation from one's taxable income.
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