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For a typical firm, which of the following sequences is CORRECT? All rates are after taxes, and assume the firm operates at its target capital

For a typical firm, which of the following sequences is CORRECT? All rates are after taxes, and assume the firm operates at its target capital structure.

a. rpreferred_stock < requity < rdebt

b. requity < rdebt < rpreferred_stock

c. rdebt < rpreferred_Stock < requity

d.requity < rpreferred_Stock < rdebt

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