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pompa pompa
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7 years ago
Since the issuer of zero (or low) coupon bonds can annually deduct the current year's interest accrual without having to actually pay the interest until the bond matures (or is called), its cash flow each year is increased by the amount of the tax shield provided by the interest deduction.
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Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
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donnabandonnaban
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pompa Author
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7 years ago
Brilliant ツ
jcarter
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Cdfields
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2 hours ago
Good timing, thanks!
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