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Basic Question 5 of 18
"A firm cannot change the total value of its outstanding securities by changing its capital structure proportions." This is a statement:
B. of the Value Additivity Principle (VAP).
C. of the Separation Theorem.
A. of Modigliani-Miller Proposition I.
B. of the Value Additivity Principle (VAP).
C. of the Separation Theorem.
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Learning Outcome Statements
explain the Modigliani-Miller propositions regarding capital structure
CFA® 2024 Level I Curriculum, Volume 2, Module 6.