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The cost of debt capital is always less than the cost of equity capital for a company because: A. Debt is a legal liability. B.
The cost of debt capital is always less than the cost of equity capital for a company because:
| A. Debt is a legal liability. | |
| B. Interest payments are made before dividend payments. | |
| C. Debt is less risky than equity. | |
| D. All of the above are correct. |
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
4th Edition
1119835550, 978-1119835554
