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M&M Proposition 1 assumes all of the following except that QUESTION 1 3 SELECT ONE: a . there are no tax. b . there are

M&M Proposition

1

assumes all of the following except that

QUESTION

13

SELECT ONE:

.

there are no tax.

.

there are no costs to acquiring information.

.

there are no transactions costs.

.

the real investment policy of the company is affected by its capital structure decisions.

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