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The interest tax shield has no value when a firm has: I. zero debt. II. no taxable income. III. debt-equity ratio of 1. IV. no
The interest tax shield has no value when a firm has: I. zero debt. II. no taxable income. III. debt-equity ratio of 1. IV. no leverage. |
II, III, and IV only I, III, and IV only I and III only I, II, and IV only II and IV only
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