(4 points) During the semester there were three "irrelevancy" results (irrelevance proposition theorem from Miller and Modigliani, dividend irrelevance theory and capital structure irrelevancy). (1) Explain the circumstances by which each result is achieved. 2 Provide some unifying comment on what this means when discussing valuation issues. (4 points) During the semester there were three "irrelevancy" results (irrelevance proposition theorem from Miller and Modigliani, dividend irrelevance theory and capital structure irrelevancy). (1) Explain the circumstances by which each result is achieved. 2 Provide some unifying comment on what this means when discussing valuation issues