Which is a true statement?

- Practice: Knowledge Che... Saved Help Save & Exit Submit To estimate the before-tax cost of debt, we use the coupon rate on the firm's existing debt. To estimate the before-tax cost of debt. we need to solve for the Yield to Call (YTC) on the firm's existing debt. To estimate the before-tax cost of debt, we need to solve for the Yield to Maturity (YTM) on the firm's existing debt. es To estimate the before-tax cost of debt, we use the average rate on the firm's existing debt