@@ -1647,7 +1647,7 @@ <h3><span class="section-number">39.6.1. </span>First example<a class="headerlin
16471647</ div >
16481648</ div >
16491649< div class ="cell_output docutils container ">
1650- < img alt ="_images/b8e3537717e8941f94576efc1435b3395eeaa369720eea256fd75c284febdcbd .png " src ="_images/b8e3537717e8941f94576efc1435b3395eeaa369720eea256fd75c284febdcbd .png " />
1650+ < img alt ="_images/9bbd6dd2be71502431d6f8c5cb2616508209bebee4ec25f86fbe718e6cc7172e .png " src ="_images/9bbd6dd2be71502431d6f8c5cb2616508209bebee4ec25f86fbe718e6cc7172e .png " />
16511651</ div >
16521652</ div >
16531653< section id ="a-modigliani-miller-theorem ">
@@ -2000,7 +2000,7 @@ <h4><span class="section-number">39.6.1.1. </span>A Modigliani-Miller theorem?<a
20002000Equilibrium firm value: 0.1118
20012001</ pre > </ div >
20022002</ div >
2003- < img alt ="_images/580447dfcc13362e63c0c0f7c4b31026f9292e4e36df4150f98f62bc1edf4e84 .png " src ="_images/580447dfcc13362e63c0c0f7c4b31026f9292e4e36df4150f98f62bc1edf4e84 .png " />
2003+ < img alt ="_images/ee192e84bb7f202707ac03f1470e0faf8e39f419595d2e8e44596d116024c29a .png " src ="_images/ee192e84bb7f202707ac03f1470e0faf8e39f419595d2e8e44596d116024c29a .png " />
20042004</ div >
20052005</ div >
20062006< p > In the above 3D surface of prospective firm valuations, the perturbed
@@ -2057,7 +2057,7 @@ <h4><span class="section-number">39.6.1.1. </span>A Modigliani-Miller theorem?<a
20572057Equilibrium firm value: 0.0974
20582058</ pre > </ div >
20592059</ div >
2060- < img alt ="_images/d0f59b3c2914406956b2447651817333980750751b487ee1c4f664fdd2020c0d .png " src ="_images/d0f59b3c2914406956b2447651817333980750751b487ee1c4f664fdd2020c0d .png " />
2060+ < img alt ="_images/b5e5896915a9b609d4eded21d91b19a49fa3124446b27fa6a779c76ed3b739b7 .png " src ="_images/b5e5896915a9b609d4eded21d91b19a49fa3124446b27fa6a779c76ed3b739b7 .png " />
20612061</ div >
20622062</ div >
20632063< p > In contrast to < span class ="math notranslate nohighlight "> \((k^*,b^* - e)\)</ span > , the 3D surface for
@@ -2126,7 +2126,7 @@ <h4><span class="section-number">39.6.1.2. </span>Equilibrium equity and bond pr
21262126</ div >
21272127</ div >
21282128< div class ="cell_output docutils container ">
2129- < img alt ="_images/a310b7e13b403300f339628400a0531312fd385c6d3494f36448736be45269e2 .png " src ="_images/a310b7e13b403300f339628400a0531312fd385c6d3494f36448736be45269e2 .png " />
2129+ < img alt ="_images/937202d40f45623a0f19c89e6fec3820f039c265a92b6dbe208821cfa9aa1b39 .png " src ="_images/937202d40f45623a0f19c89e6fec3820f039c265a92b6dbe208821cfa9aa1b39 .png " />
21302130</ div >
21312131</ div >
21322132< div class ="cell docutils container ">
@@ -2162,7 +2162,7 @@ <h4><span class="section-number">39.6.1.2. </span>Equilibrium equity and bond pr
21622162</ div >
21632163</ div >
21642164< div class ="cell_output docutils container ">
2165- < img alt ="_images/afaac06e7827b75ea40ffba87beaa737a0415a1963f180c648cd6c4e5ecc9cc3 .png " src ="_images/afaac06e7827b75ea40ffba87beaa737a0415a1963f180c648cd6c4e5ecc9cc3 .png " />
2165+ < img alt ="_images/83ca1c4767b8efc77616989a1476f211315ae39d7896ce3711c1315de6573fbc .png " src ="_images/83ca1c4767b8efc77616989a1476f211315ae39d7896ce3711c1315de6573fbc .png " />
21662166</ div >
21672167</ div >
21682168</ section >
0 commit comments