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Which of the following is NOT true regarding the Modigliani-Miller Theorem? Modigliani-Miller Theorem was first established in the research on financial engineering Modigliani-Miller Theorem is

Which of the following is NOT true regarding the Modigliani-Miller Theorem?

Modigliani-Miller Theorem was first established in the research on financial engineering

Modigliani-Miller Theorem is built on no-arbitrage argument

Modigliani-Miller Theorem states that financing decision doesn't affect firm value in a perfect market

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