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Exercise #3: According to the Miller Modigliani Prop I the value of the levered firm is ................................. than the value of the unlevered firm by

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Exercise #3: According to the Miller Modigliani Prop I the value of the levered firm is ................................. than the value of the unlevered firm by the amount of the ....................................greater/lower shield. The latter is equal to the market value of .......... times

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