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27. Which of the following statements best summarizes the meaning of M&M Proposition 11? a) The size of the pie does not depend on how

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27. Which of the following statements best summarizes the meaning of M&M Proposition 11? a) The size of the pie does not depend on how it is sliced b) The cost of equity depends on RA, RD, and the rm's D/E ratio 0) The value of the firm is the sum of the market value of the debt and equity of the firm (1) The WACC of the rm depends on the D/E ratio of the firm e) None of the above

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