Question
A firm has a $10 million bond outstanding with a coupon rate of 6%. The tax rate is 35%. What is the present value of
A firm has a $10 million bond outstanding with a coupon rate of 6%. The tax rate is 35%. What is the present value of the tax shield?______
| $3.5 million | ||
| 0.18 million | ||
| $10 million | ||
| $13.5 million |
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The New Microfinance Handbook A Financial Market System Perspective
Authors: Joanna Ledgerwood, Julie Earne, Candace Nelson
1st Edition
0821389270, 978-0821389270
