In relation to M&M Proposition II with no taxes, the cost of equity declines when the amount of
leverage used by a ﬁrm rises.

Name: In relation to M&M Proposition II with no taxes, the cost of equity declines when the amount of leverage used by a ﬁrm rises.
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According to M&M Proposition II with no taxes, the cost of equity increases as the amount of leverage used by a firm rises, due to the increased financial risk to equity holders.

In Relation to M&M Proposition II with No Taxes, the Cost