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Assume that you manage a firm in an environment with no taxes, no costs of financial distress, no asymmetric information, etc. Moreover, assume that your

Assume that you manage a firm in an environment with no taxes, no costs of financial distress, no asymmetric information, etc. Moreover, assume that your firm currently has no debt in its capital structure. The weighted average cost of capital of your firm is likely to go down if you issue debt and buy back shares of stock True False

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