Question: hi! please answer this asap Moving to another question will save this response. Question 4 Consider two firms, X and Z, that are equivalent in
hi! please answer this asap

Moving to another question will save this response. Question 4 Consider two firms, X and Z, that are equivalent in every respect except their capital structure. The cost of equity of firm X is 10%. The cost of equity of firm Z is 12%. Which firm is more levered financially Impossible to tell Z According to M&M Proposition 1 without taxes, their leverage ratios should be the same
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