能男经哈贸多大是 公司理财 C.50 D.75 9.A firm has $10m in 8%perpetual debt and a corporate tax rate of 25%.The present value of the tax shield on debt is: A.$600,000 B.$800,000 C.$2.5m D.$10m 10.Two firms that are virtually identical except for their capital structure are selling in the market at different values.According to M&M A.one will be at greater risk of bankruptcy. B.the firm with greater financial leverage will have the higher value. C.this proves that markets cannot be efficient. D.this will not continue because arbitrage will eventually cause the firms to sell at the same value. 第4页共4页公司理财 C. 50 D. 75 9. A firm has $10m in 8% perpetual debt and a corporate tax rate of 25%. The present value of the tax shield on debt is: A. $600,000 B. $800,000 C. $2.5m D. $10m 10. Two firms that are virtually identical except for their capital structure are selling in the market at different values. According to M&M A. one will be at greater risk of bankruptcy. B. the firm with greater financial leverage will have the higher value. C. this proves that markets cannot be efficient. D. this will not continue because arbitrage will eventually cause the firms to sell at the same value. 第 4 页 共 4 页