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Which of the following best describes what determines the cost of debt capital? a. The cost to the firm of income less taxable profits b.

Which of the following best describes what determines the cost of debt capital? a. The cost to the firm of income less taxable profits b. The expected returns required by shareholders buying new shares in a firm c. The current market rate of return for a risk class of debt d. The expected returns required by investors buying corporation bonds in competing companies. Clear my choice Previous page

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