if transactions cost are zero, there is no information asymmetry or personal taxes and bankruptcy is cost

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if transactions cost are zero, there is no information asymmetry or personal taxes and bankruptcy is cost less, but corporate taxes exist and interest payments are tax-deductible, what is the optimal amount of debt to have?

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Feb 13, 2024 02:56 AM

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if transactions cost are zero, there is no information asymmetry or personal taxes and bankruptcy is cost

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Income Tax Fundamentals 2013

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