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Cosy PLC is a publicly listed company that sells home furniture in the UK. It has 36,000 of debt outstanding with a coupon rate of

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Cosy PLC is a publicly listed company that sells home furniture in the UK. It has 36,000 of debt outstanding with a coupon rate of 4.5 percent. If the tax rate is 35 per cent, then calculate the present value of the tax shield. Show your steps For the toolbar, press ALT+F10 (PC) or ALT=FN+F10 (Mac). BIVS Paragraph Arial 14px EA 2

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