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The Capital Structure Puzzle

Stewart C. Myers President of American Finance Association 1983 This paper's title is intended to remind you of Fischer Black's well-known note on “The Dividend Puzzle,” which h...

1984 The Journal of Finance 7515 citations

Theory of rational option pricing

AbstractThe following sections are included:IntroductionRestrictions on rational option pricingEffects of dividends and changing exercise priceRestrictions on rational put optio...

2005 WORLD SCIENTIFIC eBooks 7439 citations