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Business, 19.11.2019 20:31 EternalRose1121

The modigliani and miller hypothesis does not work in the "real world" . higher levels of debt increase the likelihood of bankruptcy, and bankruptcy has real costs for any corporation. b. interest expense is tax deductible, providing an advantage to debt financing. c. dividend payments are fixed and tax deductible for the corporation. d. both a and b

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