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When a company's capital structure in weight in debt increases significantly (not with Modigliani and Miller assumptions), what of the following list does not increase?
When a company's capital structure in weight in debt increases significantly (not with Modigliani and Miller assumptions), what of the following list does not increase?
The company's credit rating (AAA is an increase, B is a decrease) | ||
The company's required spread in the bond market | ||
The company's beta |
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