Taxation Thought Experiment

Dr.Dimitri Vulis KOTM dlv at bwalk.dm.com
Mon Nov 18 00:58:38 PST 1996


Oops:

dlv at bwalk.dm.com (Dr.Dimitri Vulis KOTM) writes:

> "The value of the levered firm is the value of the levered firm plus the
                                                     ^un
> interest tax shield (the amount of debt times the tax rate)."


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Dr.Dimitri Vulis KOTM
Brighton Beach Boardwalk BBS, Forest Hills, N.Y.: +1-718-261-2013, 14.4Kbps






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