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Basic Question 7 of 14
In order to calculate the tax shield effect of interest payments, always use the ______ tax rate.
B. marginal
C. state-mandated
A. average
B. marginal
C. state-mandated
User Contributed Comments 1
| User | Comment |
|---|---|
| StanleyMo | http://en.wikipedia.org/wiki/Tax_rate talking different kinds of tax. |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
calculate and interpret the weighted-average cost of capital for a company
CFA® 2024 Level I Curriculum, Volume 2, Module 6.