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From a taxing standpoint, what is special about the interest on debt? The interest on debt is lower that the WACC. The interest on debt

From a taxing standpoint, what is special about the interest on debt?

The interest on debt is lower that the WACC.
The interest on debt is fixed over the life of the bond.
The interest on debt is income tax deductible.
The interest on debt is tax deferrable.

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