nnnnnhamilton7039 nnnnnhamilton7039
  • 23-01-2024
  • Business
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In a world with taxes (but no bankruptcy cost), which one of the following statements is correct for a firm that uses debt in its capital structure?
a. The firm has lower financial risk
b. The firm pays higher taxes
c. The cost of debt is irrelevant
d. The firm has higher bankruptcy costs

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