Question: MM Proposition I without taxes states that: Multiple Choice shareholders are unaffected by the debt policy of the firm. firms should be all - equity

MM Proposition I without taxes states that:
Multiple Choice
shareholders are unaffected by the debt policy of the firm.
firms should be all-equity financed to maximize shareholder value.
shareholders are indifferent to a firm's value.
shareholders prefer to invest in all-equity firms.

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