FIN 401 - Modigliani-Miller (M&M) Proposition 1 and 2 (with tax) - Part 2

[@benrayner3564]

Oh my lord this is 100 times more straightforward than any corp finance text book

[@jadalomary1313]

AGREED AGREED AND WAIT DID I MENTIONED AGREEEEEEEEED

[@andreasbauer3039]

i have never seen a guy explaining things so good. Why is there no account where i can transfer some money. I paid a lot in my life but never found sometihing better than this one. so happy.....

[@DawidPelka]

Men... you just can check all the comments and they are all positive, and that's because of your work! For real, thank you for helping us understand the corp finance in an easiest way! Keep working, you're really good at this!

[@fardosafarah3324]

OMG you are a blessing to CORP FINANCE and finance confused students like us :) THANK YOU

[@thabangmahlangu1484]

All the way from South Africa! I have just introduced you to 20 000 Strong community at the University of South Africa. You are awesome!!!!

[@sammiechung2711]

So good! your explanation is extremely clear and much better than many professor.

[@An-oz1kt]

You are a lifesaver, watching all of your videos of the M&M proposition and suddenly I am finally understanding everything, thank you!

[@Manpreetsingh-jv8bj]

Sir you just explained this concept better than India's most prominent faculty in financial management 🙌🙌🙌

[@aasthac]

I COULD WRITE THANK YOU FOR A MILLION TIMES HERE

[@chloemoa24]

Explained in such appropriate detail compared to my lecturer. You sir, just saved my corporate finance exam :') Thank you.

[@thanhdiep.0806]

u videos are life-saving, please never stop making them, thank you so much!

[@finetun3d]

THANK YOU this is so much better explained than my corporate finance textbook!

[@saumyaupadhyay9474]

Amazingly explained !! Thnkyou so much.. love from INDIA ❤️

[@mariamaio3827]

I usually do not comment online, but you deserve it. I watched all your videos on the MM theorem and you made me understand in less than 1 hour what my uni professor couldn't in 1 year. Thank you.

[@alex20776a]

WOW! much better than my text book for the CIIA exam

[@sam2971]

Thank you for providing these videos, the quality and the way you explain is levels beyond it of my Uni! Especially know with Zoomcolleges, this is very useful

[@lienphan6946]

This is absolutely useful for corporate finace exams. Thanks a lot for your great effort!

[@abiolawatson2332]

You do a great job explaining these concepts. Watching your videos has really helped me gain a better understanding so thank you very much!!!

[@JoseFranco1]

Thank you for explaining these concepts in such a clear way. The point you explain from minute 21:14 was very helpful.

[@erica2895]

Great job, dude. So easy and straight-forward. Much more simple than any textbook or internet article. Easy like and subscribe!

[@kknuu755]

Amazing videos, i turn from textbook to your videos. Please post more videos. I love the way you explain and it is helpful for those who are new in finance

[@sarahwood8989]

Just want to say a huge, huge, thank you Patrick! If it wasn't for you I would of more than likely have thrown in the towel with my corporate finance module!

[@AllThingsMathematics]

happy to hear it helped :))

[@harjasanand5831]

My CFA studies just got a hell lot of easier thanks man

[@pthaong98]

2021 and yours videos still save my life, thank you so muuuuchhhh !!!! ^^

[@hongorzzz4222]

Finance student from mongolia, you are the best man!! Keep it up and thank you :))))

[@brisa6656]

hey patrick thank you so much for uploading all these videos! its really amazing how you're able to teach succinctly and clearly. Appreciate it so much!

[@keylakurkova4349]

YOU LITERALLY SAVED MY LIFE. SUBSCRIBED AND LIKED. THANK YOU VERY MUCH!

[@safrashizam4548]

Thanks for explaning in such a easy way of understanding....I really appreciate....

[@nurhudaashaari3779]

This is so amazing! thank you for your videos sir. really appreciate it! I wish I can put this comment on all your videos. May u be rewarded.

[@romeshjadrian]

You got urself a new favorite viewer sir !!

[@alexanderdimas5882]

Lifesaver 🎉 grateful to have stumbled across ur video

[@mirandalobo5098]

SOS UN GENIO!!! LLEGASTE A LA PATAGONIA! tHANKS

[@hecookie2202]

I really appreciate for the video you made. It's really clear and straightforward!

[@Stephen-ny9yy]

Gosh, he is better than my finance Prof!

[@aasthac]

YOU SHOULD MAKE A SERIES ON "HOW TO TEACH STUDENTS". I SWEAR THE WORLD NEEDS TEACHERS LIKE YOUU

[@kyungheeegoian7522]

Thank you so much, Patrick, you are a great teacher!!

[@axellebodwell6435]

Would like to thank you! i managed to understand the lesson and i think i did a pretty good job in the exam

[@husseinkhaled4766]

Thank you very much Straight forward and really clear Thank u so much iam praying for you

[@fitmombw8102]

Thank you very much. This is brilliant.

[@mariabenlliure1913]

Thanks Patrick!! your videos are amazing!!!

[@Roggii2122]

Thank you very very much for this concept😊😊😊😊❤

[@XboxMasterKey]

So helpful!! Thank youuuuu! can you do a video on the trade-off theory for capital structure?

[@larnebooysens6169]

Your videos are really helpful, thank you!!!!!!!!

[@MrAdityabhatia]

Very elaborately explained, could you show the derivation of Vl=Vu+(t*d) please

[@NickelGamerFlo]

very good video, thank you for uploading

[@amirsuhail4045]

great explanation

[@natariee7527]

That’s so clear! 😊thank you!

[@yc8072]

Awesome!!Super helpful!

[@michelledee2435]

You are amazing.

[@Masteridea101]

Man.. Awesome Man..

[@profmiked]

what if money raised from debt is not used to buy back shares but just kept as cash?

[@遊戲武藤-l8h]

Thanks from HK~

[@obertmatarirano2514]

On calculating the PV of interest tax shield, why are you using before tax cost on debt and not WACC?

[@aasthac]

YOU'RE SENT BY GOD

[@vincervalden9115]

you're a life saver

[@jeronimom1593]

Thank you so much!

[@shanaydingwaney8012]

isn't the denominator for value of firm "(1+wacc)"

[@anushariaz1343]

Not for a perpetuity

[@khoulaalhosni6903]

How to get the NPV !?

[@flx300ify]

640000/1.08 + 512000/(1.08^2) + 384000/(1.08^3) + ........ then you can get the NPV is equal to 1611664. Hope this helps

[@khoulaalhosni6903]

@@flx300ify Thank you alot, u don’t know how many times I tried to calculate it🥺

[@matthewng2973]

you are the goat

[@AllThingsMathematics]

appreciate it fam

[@ankuranas1822]

On behalf of all students out there seeking help understanding this concept ( Thanks Patrick )

[@AllThingsMathematics]

You're welcome!

[@abdullathabithemed9377]

Thanks

[@BooksInShort22]

But for computing the present value of tax Shield the numerator will be, debt * 0.12 (for eg) * tax rate, but in the denominator we have to divided it by 1 + cost of debt i.e. 1.12 to get the present value. Then will they get cancelled?

[@pnpark]

to calculate PV why do you divide the tax shield by the interest rate as it’s already been accounted for

[@pnpark]

is it because you’re discounting

[@CuteAsAButton555]

Thank you!

[@johnnocera8282]

WOW. thank you

[@hongorzzz4222]

Legends says he sleeps with his hat on!!

[@tintrandinh5882]

VU= EBIT(1-tc)/R0

[@donSandy8952]

🙏🙏🙏

[@iahid]

That's great

[@BMAA2009]

The sound of your videos is very low

[@zhufengyi5252]

thanks!!!

[@krishanthratnam7198]

👍🏻

[@khoipham2518]

you> finance professor at M7 MBA

[@arjunarun9174]

If a firm can just increase value by increasing its debt in this circumstance, why don't all firms do it? That way, wouldn't their share prices skyrocket?

[@trantuannguyen9458]

genius