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A key assumption of the Miller and Modigliani (MM) dividend irrelevance argument is that Multiple Choice future stock prices are certain. firms have an adequate

A key assumption of the Miller and Modigliani (MM) dividend irrelevance argument is that

Multiple Choice

  • future stock prices are certain.

  • firms have an adequate supply of Treasury shares.

  • there exists a risk-free asset.

  • new shares are sold at a fair price.

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