CFA Practice Question

There are 233 practice questions for this study session.

CFA Practice Question

In order to calculate the tax shield effect of interest payments, always use the ______ tax rate.

A. average
B. marginal
C. state-mandated
Correct Answer: B

User Contributed Comments 1

User Comment
StanleyMo http://en.wikipedia.org/wiki/Tax_rate

talking different kinds of tax.
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