Which of the following statements is$$ FALSE?

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Part $1$

A$.$

The future repayments that the firm must make on its debt are equal in value to the amount of the loan it receives up front.

B$.$

An investor who would like more leverage than the firm has chosen can lend and add leverage to his or her own portfolio.

C$.$

As long as the$$ firm's choice of securities does not change the cash flows generated by its$$ assets, the capital structure decision will not change the total value of the firm or the amount of capital it can raise.

D$.$

If securities are fairly$$ priced, then buying or selling securities has an NPV of zero$$ and, therefore, should not change the value of a firm.