MM Hypothesis for capital structure is based on which of the following assumptions?

(a) Investors are rational and have homogeneous expectations

(b) Perfect capital market

(c) 100% retention of profits

(d) No taxes

Which of the following options is most appropriate ?

1
(a), (b), (d)
2
(a), (c), (d)
3
(b), (c), (d)
4
(a), (b), (c), (d)

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