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Calculate the annual value of an interest tax shield under the assumption that a firm maintains debt at a permanent $1,000,000 level and rate of 12%.The corporate tax rate is 35%.If there is no chance of financial distress,how does the value of the firm change as a result of this debt?
Independent Replications
Separate instances of running a simulation or experiment where the initial conditions or random elements are independently generated each time.
Normal Distribution
A bell-shaped curve that represents the distribution of many types of data where most values cluster around a central mean.
X-axis
The horizontal axis in a coordinate system, typically used to represent the independent variable in a graph.
Median
The middle value in a sorted list of numbers, effectively dividing the dataset into two halves.
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