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What did Modigliani and Miller find when they assumed no taxes and no bankruptcy costs? Group of answer choices Firm value is unaffected by the

What did Modigliani and Miller find when they assumed no taxes and no bankruptcy costs?

Group of answer choices

Firm value is unaffected by the amount of debt used to finance the firm.

The u-shaped cost of capital with a unique percentage of debt financing that minimizes the WACC and maximizes firm value.

Firm value increases with more debt

Firm value decreases with more debt.

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