Fleury Co. has a 38 percent tax rate. Its total interest payment for the year just ended

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Fleury Co. has a 38 percent tax rate. Its total interest payment for the year just ended was $24 million. What is the interest tax shield? How do you interpret this amount?

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Essentials of Corporate Finance

ISBN: 978-0078034756

8th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Feb 23, 2017 02:17 AM

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Fleury Co. has a 38 percent tax rate. Its total interest payment for the year just ended

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Essentials of Corporate Finance

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