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Modigliani-Miller theorem repealed, reports PBS

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Link here. 

In case you don't get it, see previous posts on buybacks here and here, that explain how buybacks do not affect share prices, and certainly cannot cause the rise since 2008.

Thanks to a correspondent for the pointer.
Modigliani-Miller theorem repealed, reports PBS Modigliani-Miller theorem repealed, reports PBS Reviewed by insect on August 23, 2018 Rating: 5

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