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The (pretax) cost of debt for a firm A) is equal to the average coupon rate on the firm's outstanding bonds B) is equal to

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The (pretax) cost of debt for a firm A) is equal to the average coupon rate on the firm's outstanding bonds B) is equal to the yield to maturity on the firm's outstanding bonds C) is greater than the average coupon rate on the firm's outstanding bonds D) is always greater than the cost of equity E) normally cannot be observed, directly or indirectly, in the marketplace

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