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Discuss Modigliani and Miller's Propositions I and II in a world without taxes. List the basic assumptions,results,and intuition of the model.
Uniform Density
Uniform density refers to a type of distribution in which every outcome in a range has an equal probability of occurring, often represented in physics and probability theory.
Probability
A quantification of the chance that a specific event happens, represented as a number ranging from 0 to 1.
Poisson Approximation
A methodology in statistics used to approximate the probability of a given number of events happening in a fixed interval of time or space.
Probability
The measure of likelihood that an event will occur, expressed as a number between 0 and 1.
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