Question
A firm has $108B in debt and $100B in cash. If they want to keep debt constant forever with a marginal tax rate of 25%
A firm has $108B in debt and $100B in cash. If they want to keep debt constant forever with a marginal tax rate of 25% what is the impact on tax shield returning $20B to investors in a repurchasing program?
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Governing Global Finance
Authors: Michele Fratianni, Paolo Savona
1st Edition
1138742147, 978-1138742147
