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An implication of MM Proposition I without taxes is that: Multiple Choice the value of an unlevered firm equals that of an otherwise identical levered

An implication of MM Proposition I without taxes is that:

Multiple Choice

the value of an unlevered firm equals that of an otherwise identical levered firm.

that one capital structure is as good as another.

leverage does not affect the value of the firm.

capital structure changes have no effect on the firm's stock price.

All of the above.

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