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The optimal capital structure will tend to include more debt for firms with: low asset intangibility high cash flow from assets volatility the lowest tax
The optimal capital structure will tend to include more debt for firms with:
low asset intangibility
high cash flow from assets volatility
the lowest tax rates
the highest total depreciation deductions
high asset specificity
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
6th Edition
0201538997, 978-0201538991
