Question: By increasing its interest expense by $1,000,000 last year, a firm was able to reduce its taxes by $210,000. This $210,000 amount is called the:

By increasing its interest expense by $1,000,000 last year, a firm was able to reduce its taxes by $210,000. This $210,000 amount is called the: Multiple Choice interest tax shield. interest credit. homemade leverage shield. current tax yield. tax-loss interest

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