The market value of a leveraged firm is equal to the market value of an un-lever

The market value of a leveraged firm is equal to the market value of an un-leveraged firma. minus the present value of tax shields minus the present value of financialdistress costs minus the present value of agency costs.b. plus the present value of tax shields minus the present value of financial distresscosts minus the present value of agency costs.c. plus the present value of tax shields plus the present value of financial distresscosts plus the present value of agency costs.d. plus the present value of tax shields minus the present value of financial distresscosts plus the present value of agency costs.91) All of the following are rationales given for a stock dividend or split except:a. the price will not fall proportionately to the share increase.b. an optimum price range does not exist.c. conservation of corporate cash.d. there is positive informational content associated with the announcement.