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1. If interest tax shields are valuable, why don't all tax-paying firms borrow as much as possible? (15 points) l. If interest tax shields are

1. If interest tax shields are valuable, why don't all tax-paying firms borrow as much as possible? (15 points)

l. If interest tax shields are valuable, why don't all tax-paying firms borrow as much as possible? (15 points)

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