Dec 2010 – Fubuki Co (question a -APV method)

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July 9, 2018 at 10:56 am #461392
Saimon
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Sir,

why didn’t examiner include issue cost of debt when calculating PV of tax shield on interest ????
July 9, 2018 at 4:10 pm #461423
John Moffat
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Strictly the examiner should have done this – he should have calculated on the gross amount.
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