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According to M&M Proposition I, the value of a firm is the same for debt financing as it is for equity financing because of which
According to M&M Proposition I, the value of a firm is the same for debt financing as it is for equity financing because of which of the following? Equity financing is actually better than debt financing. The asset to be financed is the same. M&M demonstrated that debt financing is neither better nor worse than equity financing. Debt financing is actually better than equity financing
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