An all-equity financed company is currently worth 40 million. It is thinking of issuing 10 million of
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An all-equity financed company is currently worth €40 million. It is thinking of issuing
€10 million of 8% irredeemable bonds to repurchase €10 million of equity. Given a corporate tax rate of 25%, what would be the effect on shareholder wealth?
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Related Book For 
Corporate Finance Theory And Practice
ISBN: 9781473758384
10th Edition
Authors: Steve Lumby, Chris Jones
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