A Moving to another question will save this response. Question 16 The before-tax cost of debt, 1d, is the same as the: a. return on equity if the firm has no preferred stock. b. dividend yield associated with the firm's common stock c. yield to maturity (YTM) associated with the firm's bonds. d. the firm's marginal tax rate. e. average coupon rate on the firm's bonds. Moving to another question will save this response. { |