Which of the following is NOT one of M&M's perfect capital market assumptions?
A)No taxes
B)Individuals can borrow or lend at the same rate
C)Every party has equal access to information
D)Bankruptcy costs are reasonably low

Question

Quizplus · Accepted Answer

M&M's perfect capital market assumptions include no taxes, individuals can borrow or lend at the same rate, and every party has equal access to information. The assumption that bankruptcy costs are reasonably low is not part of M&M's perfect capital market assumptions.

Which of the Following Is NOT One of M&M's Perfect