Answer:
The correct option is A
Explanation:
Promissory note is the kind or type of note which is considered to be a financial instrument,and it comprise of a written promise made by one party to another party in order to pay a specific or particular amount or sum of money or amount, either on a particular or a future date or on demand by the party.
This note involve the terms that are pertaining to the indebtedness like the maturity date, issuer signature, principal amount, place of issuance and the interest rate.
Therefore, Hidalgo is liable on the promissory note and because of this, he is required to pay until he has a valid and a genuine defense to payment.
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I think the most appropriate answer would be C.
I hope it helped you!
Suppose an unlevered firm issues $1000 in debt at a cost of debt of 10%. If the corporate tax rate is 20%, $200 t is the change in the firm's value.
Due to the issue of the corporate tax rate is entitled to Interest Tax Shield assuming Debt issued by the firm is perpetual and ignoring financial distress costs
Change in Value of firm
=Net Effect of Debt Financing
=Present Value of Interest Tax Shield (financial distress costs ignored)
= DebtValue * Cost of Debt * Tax Rate Interest Rate
= $1,000 * 10% * 20% 10%
=$200,
corporate tax rate, also known as corporate income tax or corporate tax, is a direct tax levied on the income or capital of a corporation or similar corporation. Many countries impose such taxes at the national level, and similar taxes may be levied at the state or local level.
Learn more about tax rate here: brainly.com/question/25791968
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