SSRNEconometrics & Forecasting
Valuation of Levered Equity and Debt Shield
The note argues that discounting the debt tax shield at the cost of debt capital gross of corporate tax has several advantages, including not needing to forecast speculative tax shields due to future net borrowings.
Featured in No. 41 on 20 Mar 2024 ·
- Released
- 10 Jul 2023
- First featured
- No. 41 · 20 Mar 2024
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- SSRN 4765068
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