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QUESTION 32 The cost of debt is equal to one minus the marginal tax rate multiplied by the interest rate on new debt. O True

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QUESTION 32 The cost of debt is equal to one minus the marginal tax rate multiplied by the interest rate on new debt. O True O False QUESTION 33 The cost of perpetual preferred stock is found as the preferred's annual dividend divided by the market price of the preferred stock. No adjustment is needed for taxes because preferred dividends, unlike interest on debt, are not deductible by the issuing fimm True False

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