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Let's say there's a company that can fully tax deduct the interest on its loans. If this company borrows more, then the discounted value of

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Let's say there's a company that can fully tax deduct the interest on its loans. If this company borrows more, then the discounted value of the tax shield on its loans will. and the discounted value of the financial distress costs will Multiple Choice go up; does not change go up: go down go down; go down go up; go up O O O go down; does not change

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