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Which is true for the after-tax cost of debt: Select one: a. It is unaffected by changes in the market interest rate b. It generally
Which is true for the after-tax cost of debt:
Select one:
a. It is unaffected by changes in the market interest rate
b. It generally exceeds cost of equity if the tax rate is zero
c. Its effect on cost of capital is greater with higher leverage
d. It varies inversely to changes in market interest rate
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