Question 23 Which of the following is one of the assumptions of the Modigliani and Miller (MM) model? Not yet answered Select one: Marked out of 2.00 P Flag question A. Investors and firms can trade different sets of securities at competitive market prices equal to the present value of their future cash flows. B. None of the statements belongs to the assumptions of the Modigliani and Miller model. C. There are relatively low taxes, transaction costs, issuance costs or agency costs associated with security trading. D. A firm's financing decisions change the cash flows generated by its investments, and they reveal new information about them