QUESTION ONE

You are required to critically analyze whether the optimal capital structure exists. You will be required to research Miller and Modigliani AND TWO OTHER theorists to help your discussion. As part of your answer, you should consider Pecking Order Theory.

Your answer should be in a report format. The report is to be presented in a word document of no more than 2.500 words excluding bibliography. Plus or minus 10% will be allowed.

Ensure that your assignment contains the following:

1. Table of Contents

2. The main body of text, using paragraphs as appropriate

3. Conclusion

4. Bibliography

5. Appendices if necessary

Your answer to Question 1 of your terminal assessment should be m a report format. The report is to be presented M a word document of no more than 2.500 words excluding bibliography. Plus or minus 10% will be allowed.

All sources must be correctly cited, using Harvard Referencing. ALL internet material must be referenced in the bibliography section. Students are encouraged to use the Harvard Referencing Standard supplied by the Library. To use other author’s written or electronic work is illegal (plagiarism) and may result in disciplinary action. Students may be required to undergo a viva (oral examination) if there is suspicion about the validity of their submitted work.