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Which of the following is/are CORRECT? I. 1958MM theory states capital structure is irrelevant. II. 1963MM theory implies that 100% debt is optimal capital structure

Which of the following is/are CORRECT? I. 1958MM theory states capital structure is irrelevant. II. 1963MM theory implies that 100% debt is optimal capital structure for the firm. III. 1963MM theory considers both corporate tax and financial distress cost

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