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Which of the following statements is false regarding Modigliani and Millers (MMs) proposition I with no taxes? A. Firm value is not affected by its
Which of the following statements is false regarding Modigliani and Millers (MMs) proposition I with no taxes?
A. Firm value is not affected by its capital structure. B. Operating risk is not affected by changes in capital structure. C. Financial risk is not affected by changes in capital structure. D. Investors can reproduce the risk and returns of any capital structure they choose. E. Weighted-average cost of capital (WACC) is not affected by changes in capital structure
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