Q2 – Mar/Jun 2018 APV

This topic has 1 reply, 2 voices, and was last updated 5 years ago by John Moffat.

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July 15, 2020 at 7:19 am #576844
Tony
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Hi Opentuition,

I am wondering why the tax shield on loan in the answer doesn’t include loan issue cost please?

Tony
July 15, 2020 at 7:28 am #576848
John Moffat
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It is because the question says that the issue costs are paid out of available cash reserves (and so not out of the finance raised).
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