Assume that the corporate tax rate is 21%, the personal tax rate on income from...
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Accounting
Assume that the corporate tax rate is 21%, the personal tax rate on income from equity is 15% and the personal rate on interest income is 36%. The effective tax advantage of a corporation issuing debt would be closest to:
- A. -4.9%.
- B. 15.0%.
- C. 28.0%.
- D. 25.0%.
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