21.
If market interest rates are expected to rise, you would expect___________.

22.
Which of the following is an argument for the relevance of dividends?

23.
Which of the following is/are false regarding capital structure theory as stated by Miller and Modigliani?
1) If agency costs are considered, the expected agency costs increases as the debt-equity ratio decreases.
2) With the given assumptions, there is no optimal capital structure.
3) In the presence of taxes, the market value of the firm decreases by the tax shield of debt

24.
Financial risk is most associated with_______________.

25.
Retained earnings are ?