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The interest tax shield: O is given as: Dx (1-t). O makes it less costly to distribute cash to investors through interest payments than through
The interest tax shield: O is given as: Dx (1-t). O makes it less costly to distribute cash to investors through interest payments than through dividends, and is given as: Dx (1- t). O does not affect the WACC. O makes it less costly to distribute cash to investors through interest payments than through dividends
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