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  3. Study Set
    Fundamentals of Financial Management Study Set 1
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    Exam 14: Capital Structure and Leverage
  5. Question
    Modigliani and Miller's First Article Led to the Conclusion That
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Modigliani and Miller's First Article Led to the Conclusion That

Question 10

Question 10

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Modigliani and Miller's first article led to the conclusion that capital structure is "irrelevant" because it has no effect on a firm's value.

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