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  3. which is incorrect about a perfect capital market?

which is INCORRECT about a perfect capital market? ( Single Choice) Answer 1: there is...

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Finance

which is INCORRECT about a perfect capital market? ( Single Choice) Answer 1: there is no financial frictions such as managerial entrenchment Answer 2: capital structure will have an impact for firm value Answer 3: wacc remains constant no matter how leverage changes Answer 4: it is introduced by Franco Modigliani and Merton Miller

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