Question
if transactions cost are zero, there is no information asymmetry or personal taxes and bankruptcy is cost less, but corporate taxes exist and interest payments
if transactions cost are zero, there is no information asymmetry or personal taxes and bankruptcy is cost less, but corporate taxes exist and interest payments are tax-deductible, what is the optimal amount of debt to have?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
