True or False. According to the Modigliani-Miller Model, in a tax-free world, the enterprise value of a company is independent of the capital...

True or False.17. According to the Modigliani-Miller Model, in a tax-free world, the enterprise value of a company is independent of the capital structure, that is, the ratio of debt to equity.18. If you anticipated rising interest rates over the next several years and you wished to issue long-term debt bonds to raise capital, callable bonds would make more sense than if interest rates were to fall over the next few years.19. The reliability of continuing value estimates is less than that of explicit forecast estimates.20. Forecasting labor costs over the future is more difficult in the retailing sector than for an industry that is undergoing restructuring.

True or False.17. According to the Modigliani­Miller Model, in a tax­free world, the enterprise value of a company is independent of the capital structure, that is, the ratio of debt to equity....