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A key underlying assumption of MM Proposition I without taxes is that: Multiple Choice managers always act to maximize the value of the firm. individuals

A key underlying assumption of MM Proposition I without taxes is that:

Multiple Choice

managers always act to maximize the value of the firm.

individuals can borrow at lower rates than corporations.

corporations are all

-

equity financed.

financial leverage increases risk.

individuals and corporations borrow at the same rate.

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