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What is the relative tax advantage of corporate debt if the corporate tax rate is Tc = 0 . 2 4 , the personal tax
What is the relative tax advantage of corporate debt if the corporate tax rate is Tc the personal tax rate on interest is TpD but all equity income is received as capital gains and escapes tax entirely TpE
How does the relative tax advantage change if the company decides to pay out all equity income as cash dividends that are taxed at
Note: Do not round intermediate calculations. Round your answers to decimal places.
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