M-M Hypothesis for capital structure is based on which code of the following assumptions? (a) Capital markets are perfect(b) Firms belong to equal risk class(c) There is 100% dividend payout ratio(d) There are nominal corporate taxes Select the correct code.

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M-M Hypothesis for capital structure is based on which code of the following assumptions? <br />(<em>a</em>) Capital markets are perfect<br />(<em>b</em>) Firms belong to equal risk class<br />(<em>c</em>) There is 100% dividend payout ratio<br />(<em>d</em>) There are nominal corporate taxes Select the correct code.