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MM Proposition II without taxes implies that the required return on equity is: a result of homemade leverage. inversely related to the firm's debt-to-equity ratio.
MM Proposition II without taxes implies that the required return on equity is:
a result of homemade leverage.
inversely related to the firm's debt-to-equity ratio.
independent of the firm's capital structure.
a linear function of the firm's debt-to-equity ratio.
a linear function of the market's rate of interest.
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