Quote by: Merton Miller

Everyone recognizes that's a joke because obviously the number and shape of the pieces doesn't affect the size of the pizza. And similarly, the stocks, bonds, warrants, etc., issued don't affect the aggregate value of the firm.


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Author Bio


  • NameMerton Miller
  • DescriptionAmerican economist
  • BornMay 16, 1923
  • DiedJune 3, 2000
  • CountryUnited States Of America
  • ProfessionEconomist
  • AwardsNobel Memorial Prize In Economic Sciences