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Basic Question 9 of 18
MM Propositions with Taxes state that the more debt a company uses, ______. I. the lower the WACC
II. the more value the company has
III. the higher the cost of equity
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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.