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Modigliani and Millers Proposition 1 proposes that: A. A companys value is affected by its capital structure B. A companys value is independent of its

Modigliani and Millers Proposition 1 proposes that:

A. A companys value is affected by its capital structure

B. A companys value is independent of its profits

C. A companys value is independent of its capital structure

D. A companys value is affected if the level of debt rises

Please elaborate on the correct answer

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