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Business, 31.07.2020 21:01 21briannamtimms

When we take taxes into account, MM's 1958 Proposition could no longer hold, and the capital structure can be essential because of:. a. higher operating income from lower dividends.
b. interest tax shield.
c. higher tax rates on retained earnings than on debt.
d. lower tax rates on dividends than on debt.

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