Arbitrage Modeling and Section 163(d) within the Scholes and Wolfson Framework.
本文为教师提供了一种方法，利用Scholes和Wolfson的套利概念，通过三个课堂案例帮助学生理解限制投资利息扣除的第163(d)条，并提升建模技能。
Abstract This note provides Instructors a means to convey the planning and policy implications of Sec. 163(d), which limits the deductibility of investment interest. Using selected investment vehicles and arbitrage concepts from Scholes and Wolfson (1992), the note develops three cases suitable for classroom use. These cases allow students to improve their modeling skills as they gain an understanding of this complex area of the tax law.