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Bonds issued by Verizon Inc. are currently rated A by S&P. However, bonds issued by AT&T Inc. are currently rated AA+ by S&P. Which company

Bonds issued by Verizon Inc. are currently rated A by S&P. However, bonds issued by AT&T Inc. are currently rated AA+ by S&P. Which company should have higher cost of debt?

AT&T Inc.
Verizon Inc.
Both the companies will have same cost of debt; None

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