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14) When can a firm be certain it will always being able to accept all its positive NPV projects and pay as high a dividend

14) When can a firm be certain it will always being able to accept all its positive NPV projects and pay as high a dividend as it would like to?:

a) when there are no taxes

b) when debt is risk free

c) when it can costlessly raise capital

d) when the exchange rate is fixed

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