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Which one of the following makes the capital structure of a firm irrelevant? a.taxes b.interest tax shield c.100 percent dividend payout ratio d.debt-equity ratio that

Which one of the following makes the capital structure of a firm irrelevant? a.taxes b.interest tax shield c.100 percent dividend payout ratio d.debt-equity ratio that is greater than 0 but less than 1 e.homemade leverage

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