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The optimal capital structure: will be the same for all firms in the same industry. will remain constant over time unless the firm changes its
The optimal capital structure:
| will be the same for all firms in the same industry. |
| will remain constant over time unless the firm changes its primary operations. |
| will vary over time as taxes and market conditions change. |
| places more emphasis on operations than on financing. |
| is unaffected by changes in the financial markets. |
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