Modgliani and Miller's Mathematical Model Included a Number of Restrictions

Multiple Choice

Modgliani and Miller's mathematical model included a number of restrictions on the behavior of firms and individuals that made the model not very realistic.   Those restrictions included: ​

A) The assumption that there are no income taxes. ​
B) The assumption that securities trade in perfectly efficient capital markets in which there are no transactions costs. ​
C) The assumption that investors and firms can borrow as much as they want at the same rate. ​
D) All of the above​
E) A & B only​
F) B & C only​