“Everyone recognizes that's a joke because obviously the number and shape of the pieces doesn't affect the size of the pizza. And similarly, the stocks, bonds, warrants, etc., issued don't affect the aggregate value of the firm.”
Quote by Merton Miller
Author
Merton Miller
Merton Miller was a renowned economist, born on May 16, 1923, and passed away on June 3, 2000. He made significant contributions to the field of financial economics, particularly in the areas of capital costs and corporate finance. more