AN INTEREST TAX SHIELD IS A. THE VALUE CREATED BY THE TAX DEDUCTI...

126. An interest tax shield is a. The value created by the tax deductibility of interest on debts b. A tax benefit that allows current business losses to be used to reduce tax liability in future years c. The value created by the ability of a firm to borrow at an interest rate below the firm’s market-determined interest rate d. A form of payment to investment banks that issue securities equaling the difference between the value that investors pay for the securities and the value that the firm receives