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The after-tax cost of debt is generally: A. equal to the coupon rate of the latest bonds issued by a firm. B. less than the

The after-tax cost of debt is generally:

A.

equal to the coupon rate of the latest bonds issued by a firm.

B.

less than the yield to maturity of the latest bonds issued by a firm.

C.

greater than the yield to maturity on the latest bonds issued by a firm.

D.

less than the coupon rate of the latest bonds issued by a firm.

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