Browsing JSSISI: 1988 to 1993, Vol. XXVI, Sessions 142nd to 146th by Author "Frain, John"

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    • Borrow and prosper - notes on the user cost of capital 

      Frain, John (Statistical and Social Inquiry Society of Ireland, 1990)
      It is often argued that many firms can do very well by borrowing. The conclusion is based on two points which may be illustrated as follows. Firstly suppose that the effective rate of income tax is 50%, the nominal interest ...