Rappaport Industries has 5,200 perpetual bonds outstanding selling for $2,000 each. The tax rate is...
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Rappaport Industries has 5,200 perpetual bonds outstanding selling for $2,000 each. The tax rate is 40 percent. What is the present value of the interest tax shield? Multiple Choice
$241,280
$603,200
$4,160,000
$253,760
$3,744,000
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