Level I · Corporate Issuers

Learning Module 6
Capital Structure

Key Outcomes Summary & Practice Problems

Learning Outcomes

What you must be able to do

Curriculum Year: 2026

LOS 1

Calculate and interpret the weighted-average cost of capital (WACC) for a company.

LOS 2

Explain factors affecting capital structure and the weighted-average cost of capital.

LOS 3

Explain the Modigliani–Miller propositions regarding capital structure.

LOS 4

Describe optimal and target capital structures, including pecking order theory.