Fundamentals of Corporate Finance (4th Edition) (Berk  DeMarzo & Harford  The Corporate Finance Series)
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Chapter 23, Problem 14P

(a)

Summary Introduction

To determine:

The present value of deferring the U.S. tax liability on the company’s earnings for 10 years.

(b)

Summary Introduction

To show: An equation for the U.S. tax liability as a function of the exchange rate, Fundamentals of Corporate Finance (4th Edition) (Berk  DeMarzo & Harford  The Corporate Finance Series), Chapter 23, Problem 14P

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