Fleury Co. has a 38 percent tax rate. Its total interest payment for the year just ended
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Fleury Co. has a 38 percent tax rate. Its total interest payment for the year just ended was $32 million. What is the interest tax shield? How do you interpret this amount?
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The interest tax shield is the total interest paid times the t...View the full answer
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Related Book For 
Essentials Of Corporate Finance
ISBN: 9780073382463
7th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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