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The use of the yield-to-maturity, ytm, oftentimes results in ________ of the cost of debt. A. overestimation B. fair estimation C. underestimation D. sometimes overestimation

The use of the yield-to-maturity, ytm, oftentimes results in ________ of the cost of debt.

  • A. overestimation
  • B. fair estimation
  • C. underestimation
  • D. sometimes overestimation and sometimes underestimation

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