QUESTION $13$

If bankruptcy is not likely, an increase in market value of debt $($ Not book value$)$ due to falling interest rates will result in a decrease in market value of equity

an increase in market value of equity

an increase in market value of the firm

a decrease in market value of the firm

QUESTION $14$

Levered Beta decreases as

Gross Debt decreases

Tax rate increases

Tax rate decreases

A and $B$

A and $C$