Multiple Choice
Capital structure is irrelevant if
A) capital markets are efficient.
B) each investor can borrow/lend on the same terms as the firm.
C) there are no tax benefits to debt.
D) capital markets are efficient, each investor can borrow/lend on the same terms as the firm, and there are no tax benefits to debt.
Correct Answer:
Verified
Correct Answer:
Verified
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