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Financial Management Interest tax shield Present value Modigliani Miller Proposition I with tax TcD - YouTube
Channel: Tutor Ricky
[131]
it is assumed its risk is the same as the loan
[194]
Proposition I with tax
[218]
L represents Leverage
[246]
"Corporate tax rate" x "value of debt"
[338]
Value of the company with leverage
[341]
will be eventually decreased
[345]
Increase in costs eventually
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