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3. (3.5) The cost of debt can be determined using the yield-to-maturity and the bond rating approaches. If the bond rating approach is used, the:

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3. (3.5) The cost of debt can be determined using the yield-to-maturity and the bond rating approaches. If the bond rating approach is used, the: (a) coupon is the yield (b) yield is based on the interest coverage ratio (c) company is rated and the rating can be used to asses the credit default spread of the company's debt 1 . 1 . 1 . 1

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