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MM's Proposition I Corrected for the Inclusion of Corporate Income

Question 50

Multiple Choice

MM's Proposition I corrected for the inclusion of corporate income taxes is expressed as


A) VL = VU.
B) VL = VU + D(1 − TC) .
C) VL = VU + (TC) (D) .
D) VU = VL + (TC) (D) .

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