1. Describe Miller and Modiliani;s propositions that capital structure is irrevalant and explain the capital market imperfections which violate their assumptions. Please give me an precise answer.
2. What are the determinants( factors) and the pratical uses of a firm's Weighted-Average Cost of Capital? Please give me an precise discussion about that.
3. Explain the factors which influence the price of Call Options and Put Options prior to their expiration. Please give me a precise explaination for all the factors.