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Q Tea has 5,000 bonds outstanding with a face value of $1,000 each. The coupon rate is 7.4 percent and the tax rate is 28
Q Tea has 5,000 bonds outstanding with a face value of $1,000 each. The coupon rate is 7.4 percent and the tax rate is 28 percent. What is the present value of the interest tax shield? $1.82 million $1.40 million $2.08 million $1.66 million $1.51 million
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