Question: True or false? MM's leverage-irrelevance proposition says that a. The value of the firm does not depend on the fraction of debt versus equity financing.

True or false? MM's leverage-irrelevance proposition says that
a. The value of the firm does not depend on the fraction of debt versus equity financing.
b. As financial leverage increases, the value of the firm increases by just enough to affect the additional financial risk absorbed by equity.
c. The increases with financial leverage only when the risk of financial distress is high.
d. If the firm pays no taxes, the weighted-average does not depend on the debt ratio.

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