One of the conditions that the Modigliani and Miller (M&M) Propositions required was for there to be
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Question:
One of the conditions that the Modigliani and Miller (M&M) Propositions required was for there to be no tax. Discuss i) whether the introduction of tax decreases or increases the value of the company, ii) how much is the increase or decrease expected to be and iii) why this happens.
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