What is the relative tax advantage of corporate debt, assuming a corporate tax rate of 40 percent, a personal tax rate of 27 percent, and that all equity income escapes taxation?
A)0)675
B)0)822
C)1)217
D)1)667

Name: What is the relative tax advantage of corporate debt, assuming a corporate tax rate of 40 percent, a personal tax rate of 27 percent, and that all equity income escapes taxation? A)0)675 B)0)822 C)1)217 D)1)667
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The Answer is C

What Is the Relative Tax Advantage of Corporate Debt, Assuming