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When comparing their cost of debt to other firms, Townsend, Inc. compares its Bond Credit Ratings to two other firms. Resuls are below. Based on

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When comparing their cost of debt to other firms, Townsend, Inc. compares its Bond Credit Ratings to two other firms. Resuls are below. Based on the below, should Townsend expect to have the highest, lowest or mid cost of debt when compared to their competitors? Bond Credit Rating "A" Firm Name Alphabet Soup Morris Corp Townsend, Inc "AA" 01 Multiple Choice Townsend should have the HIGHEST Cost of Debt Townsend should have the LOWEST Cost of Debt Townsend should have the MID Cost of Debt

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