Question
Apple currently has $108B in debt and $100B worth of cash. Assuming that Apple plans to keep its level of debt constant forever, and that
Apple currently has $108B in debt and $100B worth of cash. Assuming that Apple plans to keep its level of debt constant forever, and that its marginal tax rate is 25%, what would be the impact on the tax shield of returning $20B in cash to investors in a repurchase program?
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Rich Dads Increase Your Financial IQ Get Smarter With Your Money
Authors: Robert T. Kiyosaki
1st Edition
1612680658, 978-1612680651
