📊 Financial Management
Q. Which of the following is not an assumption of Miller and Modigliani approach?
  • (A) There are no corporate or personal income tax
  • (B) Investors are assumed to be rational and behave accordingly
  • (C) There is no corporate tax though there are personal income tax
  • (D) Capital markets are perfect
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✅ Correct Answer: (C) There is no corporate tax though there are personal income tax

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