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Rappaport Industries has 6,250 perpetual bonds outstanding selling for $2,000 each. The tax rate is 21 percent. What is the present value of the interest

Rappaport Industries has 6,250 perpetual bonds outstanding selling for $2,000 each. The tax rate is 21 percent. What is the present value of the interest tax shield? Multiple Choice $750,000 $2625,000 $275,625 $3,937,500 $262,500

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