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The reason that MM Proposition I does not hold good in the presence of corporate taxes is becauses O a. Earings per share are no

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The reason that MM Proposition I does not hold good in the presence of corporate taxes is becauses O a. Earings per share are no longer relevant with taxes Ob O c Dividends are no longer relevant with taxes d. Bondholders require higher rates of return compared with stockholders e. Levered firms pay lower taxes when compared with identical unlevered firms

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