Wholly owned subsidiary of Lockheed Corporation has a $ 11 million expansion underway in South Carolina. The company must decide how best to take this opportunity to issue tax exempt debt. In particular, the solution includes a choice as to repayment and redemption structure is proposed. Designed to enable students to isolate the tax shields and subsidies, and appreciate the elements of the funding package separately, as part of the "present value" analysis. "Hide
by Timothy A. Luehrman, William A. Teichner Source: Harvard Business School 8 pages. Publication Date: March 25, 1992. Prod. #: 292123-PDF-ENG
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