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QUESTION
If the only violation of the MM assumptions is that investors face one tax rate for interest income and another tax rate for equity income, what is
If the only violation of the M&M assumptions is that investors face one tax rate for interest income and another tax rate for equity income, what is the implication for the optimal capital structure of a corporation?
If the only violation of the M&M assumptions is that investors face one tax rate for interest income and another taxrate for equity income, what is the implication for the optimal capital...