According to M&M Proposition II without taxes, a ﬁrm's cost of equity is a function of the required
rate of return on the ﬁrm's assets, the ﬁrm's debt/equity ratio, and the ﬁrm's cost of debt.

Question

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According to M&M Proposition II without taxes, a ﬁrm's cost of equity is a function of the required
rate of return on the ﬁrm's assets, the ﬁrm's debt/equity ratio, and the ﬁrm's cost of debt.

According to M&M Proposition II Without Taxes, a ﬁRm's Cost