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3. Which of the following is NOT one of Modigliani and Miller's (M&M's) perfect capital market assumptions? A) Bankruptcy costs are reasonably low. B) No

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3. Which of the following is NOT one of Modigliani and Miller's (M\\&M's) perfect capital market assumptions? A) Bankruptcy costs are reasonably low. B) No taxes. C) Investors can borrow or lend at the same rate as firms. D) Every party has equal access to information

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