Question: Consider a concrete payout program... . Assume BBBY combines: 1) use $400 million excess cash and 2) borrow funds (at 4.5%) to do a share

Consider a concrete payout program... . Assume BBBY combines: 1) use $400 million excess cash and 2) borrow funds (at 4.5%) to do a share repurchase Under the above program, compute the PV of tax shie...

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