Question
ABC issued debt at 1% interest rate in 2015. The total debt amount raised in the market was USD 500 million and is expected to
ABC issued debt at 1% interest rate in 2015. The total debt amount raised in the market was USD 500 million and is expected to be carried forward in perpetuity. If the prevailing tax rate was 20%, what is the present value of interest tax shield for shareholders?
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Advanced Financial Risk Management Enterprise Wide Risk Management In Theory And Practice
Authors: Donald Van Deventer, Kenji Imai, Mark Mesler
3rd Edition
1547416157, 9781547416158
