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Which one of these argues than the ........(see in the pic) 23 Which one of these argues than the value of a firm is independent

Which one of these argues than the ........(see in the pic)
23 Which one of these argues than the value of a firm is independent of its capital structure? A. MM Proposition I without taxes B. MM Proposition II without taxes C. Capital asset pricing model D. MM Proposition I with taxes E. MM Proposition II with taxes

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