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1. In the famous 1958 arbitrage argument (no corporate taxes) M&M showed: a. That corporations prefer to pay dividends. b. That corporations prefer to pay

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1. In the famous 1958 arbitrage argument (no corporate taxes) M&M showed: a. That corporations prefer to pay dividends. b. That corporations prefer to pay capital gains. c. That corporations should be indifferent between debt and equity financing. d. That corporations should use more debt financing

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