Question
GS Sales is considering a debt issue of $50 million with an interest rate 6%. The firm's effective tax rate is 30%. What would be
GS Sales is considering a debt issue of $50 million with an interest rate 6%. The firm's effective tax rate is 30%. What would be the savings in the firm's annual tax liability if it were to issue the new debt?
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Bond Markets Analysis And Strategies
Authors: Frank J. Fabozzi, Francesco A. Fabozzi
10th Edition
026204627X, 978-0253337535
