Question
Miller and Modiglianis theory (without taxes) concludes that _________. Group of answer choices Capital structure is irrelevant to firm value. More debt in the capital
Miller and Modiglianis theory (without taxes) concludes that _________.
Group of answer choices
Capital structure is irrelevant to firm value.
More debt in the capital structure reduces firm value since debt is risky.
More debt in the capital structure increases firm value since the interest on debt is tax deductible.
More debt in the capital structure lowers the cost of equity.
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th Edition
0321374215, 9780321374219
