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. TEST II. Suppose that the JBEA pays the interest rate of 16 3/5% on its bonds, the marginal income tax rate that the firm

. TEST II. Suppose that the JBEA pays the interest rate of 16 3/5% on its bonds, the marginal income tax rate that the firm faces is 30 5/8 %, the rate of government bonds is 8 7/12 %, the return on...

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