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For which of these firms would Modigliani-Miller do the best job of explaining their capital structure choices? A firm that only invests in very long

For which of these firms would Modigliani-Miller do the best job of explaining their capital structure choices?

A firm that only invests in very long term investments

A firm in financial distress

A firm whose choice of projects is heavily influenced by the financing options available to them

A firm whose shares are very inconvenient to buy or sell

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