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Stock in Ford Corporation is held equally by Emily, Louise, and John. Ford seeks additional capital to buy a valuable tract of land that will
Stock in Ford Corporation is held equally by Emily, Louise, and John. Ford seeks additional capital to buy a valuable tract of land that will cost $ Emily, Louise, and John propose to loan Ford $ each, taking from Ford a $year note with interest payable annually at five points above the prime rate. Ford Corporation has current taxable income of $ How are the payments on the notes treated for tax purposes? Hint you do NOT need to know the prime rate to solve
Stock in Ford Corporation is held equally by Emily, Louise, and John. Ford seeks additional capital to buy a valuable tract of land that will cost $ Emily, Louise, and John propose to loan Ford $ each, taking from Ford a $year note with interest payable annually at five points above the prime rate. Ford Corporation has current taxable income of $ How are the payments on the notes treated for tax purposes? Hint you do NOT need to know the prime rate to solve
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