FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Ans?? General Accounting
Transcribed Image Text:Pacific Technologies has a $40 million bond issue outstanding
with a coupon rate of 7.5% and a current yield of 7.2%. If the
company's tax rate is 30%, what is the present value of the tax
shield?
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