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All else constant, which of the following will increase the aftertax cost of debt for a firm? I. increase in the yield to maturity of

All else constant, which of the following will increase the aftertax cost of debt for a firm? I. increase in the yield to maturity of the firm's outstanding debt II. decrease in the yield to maturity of the firm's outstanding debt III. increase in the firm's tax rate IV. decrease in the firm's tax rate

A. I only

B. I and III only

C. I and IV only

D. II and III only

E. II and IV only

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