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When firms issue more debt, the present value of the tax shield on debt present value of financial distress costs: decreases; increases. increases; increases. decreases;
When firms issue more debt, the present value of the tax shield on debt present value of financial distress costs: decreases; increases. increases; increases. decreases; decreases. decreases; remains constant. increases; remains constant. while the
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Stylianos Perrakis, Peter
8th Canadian Edition
007133887X, 978-0071338875
