What is the amount of the annual interest tax shield

Reference no: EM131970949

Question: Ernie's has 3, 500 bonds outstanding with a face value of $1,000 each and a coupon rate of 8.5 percent. What is the amount of the annual interest tax shield if the tax rate is 34 percent? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131970949

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