The cost of debt is equal to one minus the marginal tax rate multiplied by the average coupon rate on all outstanding debt. Select one: True False A firm is raising capital to fund its business through a new issue of the bonds. The cost of debt for these bonds is equal to one minus the marginal tax rate multiplied by the interest rate on new debt. Select one: True False The cost of preferred stock to a firm must be adjusted to an after-tax figure because 70% of dividends received by a corporation may be excluded from the corporation's texable income. Select one: True