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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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