Now assume the AT&T post merger equity beta is 0.75. The marginal tax rate is to drop
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Now assume the AT&T post merger equity beta is 0.75. The marginal tax rate is to drop from 35% to 22%, the effective tax rate from 20% to 13%. What is the tax shield?
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Cost Management Measuring Monitoring And Motivating Performance
ISBN: 9781118168875
2nd Canadian Edition
Authors: Leslie G. Eldenburg, Susan Wolcott, Liang Hsuan Chen, Gail Cook
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