Question: The reason that MM Proposition I does not hold in the presence of corporate taxation is because: bondholders require hicher retes of ratum cemperse weth

The reason that MM Proposition I does not hold in the presence of corporate taxation is because:
bondholders require hicher retes of ratum cemperse weth stoelhoiders.
earnings per share are no longer robuant whetres
dividends are no longer relovent with tives
All of the above.
The reason that MM Proposition I does not hold in

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