Which of the following statements is false?
A) The value of a firm is equal to the amount of money the firm can raise by issuing securities.
B) By reducing a firm's corporate tax liability, debt allows the firm to pay more of its cash flows to investors.
C) Equity investors must pay taxes on dividends but not capital gains.
D) For individuals, interest payments received from debt are taxed as income.
Correct Answer:
Verified
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