Question: Indicate whether you agree with the following statement that describes Modigliani and Miller's work: In the absence of taxes, bankruptcy costs and asymmetric information, and

Indicate whether you agree with the following statement that describes Modigliani and Miller's work:

In the absence of taxes, bankruptcy costs and asymmetric information, and in an efficient market, the value of the firm is unaffected by how that firm is financed

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