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Which one of the following statements is the core principle of M&M Proposition I, without taxes? Levered firms have greater value than unlevered firms. The

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Which one of the following statements is the core principle of M&M Proposition I, without taxes? Levered firms have greater value than unlevered firms. The capital structure of a firm is totally irrelevant. A firm's cost of equity is directly related to the firm's debt-equity ratio. The interest tax shield increases the value of a firm. A firm's WACC is directly related to the firm's debt-equity ratio

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