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What alternative investment and financing instruments can a firm use to alter their marginal tax rate? Why might a firm prefer to repackage its capital
What alternative investment and financing instruments can a firm use to alter their marginal tax rate? Why might a firm prefer to repackage its capital structure (i.e., the mix of financial instruments it issues to finance operations) instead of changing its operating decisions to effect clientele-based arbitrage?
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
