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Basic Question 3 of 18
If capital markets are perfect and there are no taxes, the firm's choice of a capital structure
B. is totally inconsequential.
C. depends on the current interest.
A. is not very important.
B. is totally inconsequential.
C. depends on the current interest.
User Contributed Comments 1
| User | Comment |
|---|---|
| setmefree | in a perfect capital market: symmetric information, no transation costs, investor borrows at same rate as corporation, |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
explain the Modigliani-Miller propositions regarding capital structure
CFA® 2024 Level I Curriculum, Volume 2, Module 6.