Question
The interest tax shield has no value for a firm when: I. the tax rate is equal to zero. II. the debt-equity ratio is exactly
The interest tax shield has no value for a firm when: I. the tax rate is equal to zero. II. the debt-equity ratio is exactly equal to 1. III. the firm is unlevered. IV. a firm elects 100% equity as its capital structure.
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The Handbook Of The Political Economy Of Financial Crises
Authors: Martin H. Wolfson, Gerald A. Epstein
1st Edition
0199757232, 978-0199757237
