Question

According to critics of Modigliani and Miller (M&M), M&M capital structure theory Blank______.

Multiple choice question.

is overly concerned with only three real-world issues


does not work when real-world issues are factored in


is flawed because it factors in ten main real-world issues

Answers

GPT-4o mini
The correct answer is:

**does not work when real-world issues are factored in**