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How would the following event/factor affect the companys cost of capital? Assuming there are no other contemporaneous events/changes. - S&P has recently changed the companys

How would the following event/factor affect the companys cost of capital? Assuming there are no other contemporaneous events/changes. - S&P has recently changed the companys rating from BB to investment grade

Answer Choices: A) there should be no impact on cost of capital, B) Cost of Capital is expected to decrease, C) Cost of Capital is expected to increase

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