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Which of the following correctly describes an appropriate estimate of the cost of debt capital? It should be greater than the estimate of the firm's
Which of the following correctly describes an appropriate estimate of the cost of debt capital?
It should be greater than the estimate of the firm's terminal period interest rate.
It should be equal to the estimate of the firm's terminal period interest rate.
It should be less than the estimate of the firm's terminal period interest rate.
It must be equal to the estimate of the cost of preferred capital.
It must be equal to the estimate of the cost of noncontrolling interests.
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