Net Income (NI) Approach

AFM Capital Structure and Cost of Capital Free JAIIB Capsule 26 views Updated 16 Sep 2026

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AFM · Capital Structure and Cost of Capital

David Durand proposed various capital structure theories. According to his 'Net Income Approach', how does increasing the debt proportion affect the overall WACC and firm value?

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David Durand proposed various capital structure theories. According to his 'Net Income Approach', how does increasing the debt proportion affect the overall WACC and firm value?

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This capsule covers Accounting & Financial Management for Bankers, Capital Structure and Cost of Capital. Members get the complete explanation plus every other premium capsule, mock test and PDF.

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