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MM theory Case 1 (no corporate or personal taxes and no bankruptcy costs) suggests a firm's value will NOT be changed by changing: risk level

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MM theory Case 1 (no corporate or personal taxes and no bankruptcy costs) suggests a firm's value will NOT be changed by changing: risk level of firm's assets firm's capital structure WACC future cash flow that the firm generates Question 23 (4 points) A firm's beta is 1.7 and tax rate is 10%. If it is financed with 30% debt, what is the unlevered beta? 1.40 1.39 1.29 1.23

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