D Question 13 A firm has $40 million of debt and $60 million of equity. Debt cost 8% and equity cost 15%. The firm as a tax rate of 20% After cost of debt in 6.4% The weighted average cost of capital is 10.70% The firm has 40% debt and 60% equity 8 pts The rise in bond price is greater than the fall in bond price when interest rate changes in either direction by the same amount. True False