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Alto Analysis has $8 millions of bond outstanding with a coupon rate of 9% and time-to maturity of 13 years. This bond is currently priced
Alto Analysis has $8 millions of bond outstanding with a coupon rate of 9% and time-to maturity of 13 years. This bond is currently priced at $1,010 per $1,000 face value. The firms tax rate is 35%. What is the annual tax shield for Alto Analysis?
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