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MM Proposition II without taxes least likely asserts that: Group of answer choices A company s capital structure has no impact on its market value.

MM Proposition IIwithout taxes least likely asserts that:
Group of answer choices
A companys capital structure has no impact on its market value.
As the proportion of debt in a companys capital structure increases, its cost of equity decreases.
As the proportion of debt in a companys capital structure increases, its weighted average cost of capital decreases.

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