Question
If a firm issues permanent debt, its market value increases by the present value of the tax shield. decreases by the present value of the
If a firm issues permanent debt, its market value
| increases by the present value of the tax shield. | ||
| decreases by the present value of the tax shield. | ||
| decreases by the annual interest tax shield. | ||
| increases by the annual interest tax shield. |
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Stock Market Investing For Beginners
Authors: Andrew P.C.
1st Edition
1549522132, 978-1549522130
