Assuming that bonds are sold at a fair price, the benefits from the interest tax shield go to the

Name: Assuming that bonds are sold at a fair price, the benefits from the interest tax shield go to the
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The benefits from the interest tax shield go to the stockholders of the firm because the tax savings from deducting interest payments reduce the firm's tax liability, effectively increasing the after-tax cash flows available to shareholders.

Assuming That Bonds Are Sold at a Fair Price, the Benefits