NO.PZ2023112701000063
问题如下：
According to Modigliani and Miller's Proposition II without taxes, a higher proportion of debt in the capital structure of a company results in:
选项：
A.the same WACC.
B.a lower cost of equity.
C.a greater company value.
解释：
Correct Answer: A
A is correct because the more debt the company uses, the greater the cost of equity, but the total value of the company does not change and neither does the weighted average cost of capital.
B is incorrect because the cost of equity increases.
C is incorrect because the value of the company remains the same.
为什么D越大，cost of equity越大？这两有啥关系啊
