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Is this formula true? any textbook or paper has it? Levered value = ( 1 + Tax rate x Debt interest expense ) x Unlevered
Is this formula true? any textbook or paper has it?
Levered value = ( 1 + Tax rate x Debt interest expense ) x Unlevered value
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
14th edition
1337090581, 978-1337090582
