Question: According to Modigliani and Miller, under what condition does the assumption of no taxes cause the capital structure to be irrelevant? If the firm

According to Modigliani and Miller, under what condition does the assumption of "no taxes" cause the capital structure to be irrelevant?
If the firm uses debt financing only.
If the firm's debt level is zero.
If there is no risk of bankruptcy.
If investors and the firm face the same tax rate.
According to Modigliani and Miller, under what

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