The benefits of tax-deductible equity
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Publisher:The Ohio State University
Series/Report no.:The Ohio State University. Department of Finance Honors Theses; 1997
Since the creation of tax-deductible preferred in late 1993, this form of financing has been a popular means of financing. The main attraction for issuers is the ability to essentially increase equity levels while taking advantage of the tax-deductibility of debt. This paper discusses the issues involved in issuing tax-deductible preferred and the performance results of the issuers over time.
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