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M & M Proposition II says that the WACC is not influenced by changing the mix of debt and equity because changes in leverage cause
M & M Proposition II says that the WACC is not influenced by changing the mix of debt and equity because changes in leverage cause an offsetting change in the __________.
a. WACC
b. required return on equity
c. target leverage zones
d. secured debt hypothesis
e. none of the above
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