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Which method is preferred to determine the cost of debt for the WACC calculation if the target company's debt is not traded? A. Spread between

Which method is preferred to determine the cost of debt for the WACC calculation if the target company's debt is not traded? A. Spread between CAPM and the risk-free rate B. Calculate by determining implied credit rating based on target capital structure C. Historical average interest expense D. None of the above

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