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The existence of personal taxes for investors: Select one: a. will reduce the corporate tax advantage of debt financing b. will completely offset the corporate
The existence of personal taxes for investors:
Select one:
a. will reduce the corporate tax advantage of debt financing
b. will completely offset the corporate tax advantage of debt financing
c. will further increase the firm's incentive to employ debt financing
d. will have no effect on the corporate tax advantage of debt financing
e. will cause the firm to base their capital structure on their optimal dividend payout
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