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Question 17 3 / 3 pts This Question Counts 3 Points Consider the financial data for US- based firms X, Y and Z. Which firm

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Question 17 3 / 3 pts This Question Counts 3 Points Consider the financial data for US- based firms X, Y and Z. Which firm has the lower cost of capital? Assume that all firms pay the same tax rate and normal business conditions apply (in other words don't make any extreme assumptions. For example: the market risk premium drops to zero. etc.) Firm X Firm Y Firm Z Beta 1.0 .15 2.0 Debt Basis Points (Credit 500 303 100 Default Premium) % debt in capital structure 90% 60% 5% Firm X O Firm Y Firm Z

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