Which of the following statements is not correct with regard to the M&M theory of capital structure without taxes?

Group of answer choices

This is known as the 1958 theory.

The theory requires a use of arbitrage and homemade leverage.

The theory requires symmetric information on the part of all parties.

The theory hypothesizes that a firm would be worth more if the firm held a large amount of debt.

The theory hypothesizes that an investor would not pay extra for a certain capital structure if the individual had the capacity to reproduce the same leverage on their own.