M-M Hypothesis for capital structure is based on which code of the following assumptions?

(a) Capital markets are perfect

(b) Firms belong to equal risk class

(c) There is 100% dividend payout ratio

(d) There are nominal corporate taxes

Select the correct code.

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

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