I. In a world without taxes, transactions costs and perfect capital markets, the use of debt by a firm is irrelevant. II. In a world with taxes, transactions costs and perfect capital markets, the use of debt by a firm is irrelevant. III. With additional debt use by the firm, rstock will increase.

Question 10 options:

	I, II, and III
	I and III
	I only
	II and III
	II only