Welch, Bob; Hanrahan, J. R.; Barnes, Tom - In: Applied Economics Letters 5 (1998) 5, pp. 309-312
The purpose of this paper is to calculate the cost of capital, the cost of equity and the cost of debt in a world with corporate and personal taxes. We do this in a manner that is consistent with the calculation when there is no tax and when there is corporate tax only. Our results differ from...
