A for-profit firm must adjust the cost of debt for the tax, Ask an Expert

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A for-profit firm must adjust the cost of debt for the tax benefit associated with its deductibility (multiply by 1-T). A not-for-profit firm also needs to adjust the debt to an after-tax basis even though it does not pay taxes (by using the tax rate of a for-profit firm). True or False

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Financial Management, Finance

Category:- Financial Management
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