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- Ifa stock's market price exceeds its intrinsic value, then the investor will sell the stock until its price has fallen down to the level

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- Ifa stock's market price exceeds its intrinsic value, then the investor will sell the stock until its price has fallen down to the level of the investor's estimate of the intrinsic value. Is this true or false, please explain. If a firm's marginal tax rate is increased, this would, other things held constant, lower or increase the cost of debt used to calculate its WACC? Please explain

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