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The presence or absence of taxes is essential to M&M Theory of Capital Structures conclusions about capital structure because: Interest payments increase a firms taxable
The presence or absence of taxes is essential to M&M Theory of Capital Structures conclusions about capital structure because:
- Interest payments increase a firms taxable income
- Interest payments have no effect on a firms taxable income
- Interest payments reduce a firms taxable income
- Dividend payments reduce a firms taxable income
- None of the above
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