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Answer the following question and explain your reasoning. 13. Leverage and the Cost of Capital. MM totally ignore the fact that as you borrow more,

Answer the following question and explain your reasoning.
13. Leverage and the Cost of Capital. "MM totally ignore the fact that as you borrow more, you have to pay higher rates of interest." Explain carefully whether this is a valid objection. (LO16-1)

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Answer the following question and explain your reasoning. 13. Leverage and the Cost of Capital. MM totally ignore the fact that as you borrow more,

Answer the following question and explain your reasoning. 13. Leverage and the Cost of Capital. "MM totally ignore the fact that as you borrow more, you have to pay higher rates of interest." Explain carefully whether this is a valid objection. (LO16-1)

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Answer the following question and explain your reasoning.
13. Leverage and the Cost of Capital. "MM totally ignore the fact that as you borrow more, you have to pay higher rates of interest." Explain carefully whether this is a valid objection. (LO16-1)