question archive Discuss in detail the following statement: “In all cases, debt has a tax advantage over equity, and the company should pile on debt until a level that the costs of financial distress become considerably high

Discuss in detail the following statement: “In all cases, debt has a tax advantage over equity, and the company should pile on debt until a level that the costs of financial distress become considerably high

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Discuss in detail the following statement: “In all cases, debt has a tax advantage over equity, and the company should pile on debt until a level that the costs of financial distress become considerably high.”

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