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25. Seasonality is introduced into financial ratios by averaging monthly account balances, and thus it is recommended that ending account balances be used. True False

25. Seasonality is introduced into financial ratios by averaging monthly account balances, and thus it is recommended that ending account balances be used.

True

False

24. The after-tax cost of debt is equal to one minus the marginal tax rate times the yield to maturity on the firm's outstanding debt.

True

False

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