Corporate Finance (4th Edition) (Pearson Series in Finance) - Standalone book
4th Edition
ISBN: 9780134083278
Author: Jonathan Berk, Peter DeMarzo
Publisher: PEARSON
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Question
Chapter 15.4, Problem 1CC
Summary Introduction
To discuss: The personal tax disadvantage of debt for the year 2015.
Introduction:
Personal taxes are similar to corporate taxes that decrease the cash flow to the investor and bring down the firms' value. Interest on income is taxed higher than equity income.
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