When there are no taxes and capital markets function well, it makes no difference whether the firm borrows or individual shareholders borrow. Therefore, the market value of a company does not depend on its capital structure
SInvestment Decision vs. Financing Decision OMarket Efficiency →Weak form efficiency →Semi -strong- form efficiency >Strong form efficiency OLessons of Market Efficiency Irwvin/McGraw-Hill
Unit 1 Famous Universities In this unit, you will first listen, and then talk about famous universities; read about Oxford University and Stanford University; understand both Passage A and Passage B;
Contents Background Information --Test Your Personality --Kiersey Character sorter Decide on Career Matching Your Personality Understand the text --identify personality --fill in the blank