问题如下:
According to Modigliani and Miller’s Proposition II without taxes:
选项:
A. the capital structure decision has no effect on the cost of equity.
B. investment and the capital structure decisions are interdependent.
C. the cost of equity increases as the use of debt in the capital structure increases.
解释:
C is correct.
The cost of equity rises with the use of debt in the capital structure, e.g., with increasing financial leverage
那个图,为什么wacc是恒定的呢?