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Intro RMB Corp. has $355 million of interest-bearing debt, with an average coupon rate of 12%. The company's marginal tax rate is 34%. Attempt 1/10
Intro RMB Corp. has $355 million of interest-bearing debt, with an average coupon rate of 12%. The company's marginal tax rate is 34%. Attempt 1/10 for 9.5 pts. Part 1 What is the annual interest tax shield (in $ million)? 120.7 Try again Try again See solution (-2.5 pts.)
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