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Beginningwithazero-leveragecompany,asdebtissubstitutedforequityinthecapitalstructure________. the overall cost of capital declines the overall cost of capital first rises, reaches a maximum, and then declines the overall cost of capital

  • Beginningwithazero-leveragecompany,asdebtissubstitutedforequityinthecapitalstructure________.

the overall cost of capital declines

the overall cost of capital first rises, reaches a maximum, and then declines

the overall cost of capital first declines, reaches a minimum, and then rises

the overall cost of capital rises

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