ery Bookmarks People Tab Window Help X + courses/1254782/quizzes/3446073/take Question 8 3.5 pts Which of the following statements is correct concerning a cost of debt? 1. The aftertax cost of debt generally increases when tax rates decrease. II. The pre-tax cost of debt is equivalent to the average current yield on all of a firm's outstanding bonds. III. The pre-tax cost of debt is based on the current yield to maturity of the firm's outstanding bonds. IV. The aftertax cost of debt will be greater than the current yield-to-maturity on the firm's bonds I only Ill only I and III only O II, III, and IV only O I, II, III, and IV Question 9 3.5 pts