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(Ch 8) Briefly explain what is the tax benefit of debt? Calculate after-tax interest bill in the following example. A firm borrows $3 million at
- (Ch 8) Briefly explain what is the tax benefit of debt? Calculate after-tax interest bill in the following example. A firm borrows $3 million at 8 percent interest. The corporate tax rate is 21 percent.
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The Socionomic Theory Of Finance
Authors: Robert R. Prechter
1st Edition
0977611256, 978-0977611256
