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Persistent link: https://www.econbiz.de/10005693392
This paper challenges the belief that accelerated depreciation methods are always superior to the straight-line method-especially for low-tax bracket owners of highly leveraged investments who have prospects for income growth. The root of the problem is our highly progressive income tax...
Persistent link: https://www.econbiz.de/10005310027
This paper develops a pricing model for commercial real estate mortgage debt that recognizes the influence of default transaction costs on the borrower's default decision. These costs are heterogeneous across borrowers and largely un-observable to the lender/investor at the time of origination...
Persistent link: https://www.econbiz.de/10005335037