As the tax rate increases, the net cost of borrowing money decreases. Explain.

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Financial Accounting

ISBN: 978-0078111020

7th Edition

Authors: LibbyShort

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Question Posted: Dec 12, 2011 10:09 AM

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As the tax rate increases, the net cost of borrowing money decreases. Explain.

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The higher the tax rate is the lower the net cost of borrowing money because the interest paid o...View the full answer

Financial Accounting

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