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EX1 Under the MM assumptions, given two companies that have identical assets but one is unlevered (with asset value V) and the other has debt
EX1 Under the MM assumptions, given two companies that have identical assets but one is unlevered (with asset value V) and the other has debt (with asset value V, show that there is an arbitrage opportunity if V> V EX1 Under the MM assumptions, given two companies that have identical assets but one is unlevered (with asset value V) and the other has debt (with asset value V, show that there is an arbitrage opportunity if V> V
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