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Which of the following is a characteristic of the cost of debt? Question 33 Answer a. It is tax-deductible, resulting in a tax shield. b.
Which of the following is a characteristic of the cost of debt? Question 33 Answer a. It is tax-deductible, resulting in a tax shield. b. It is fixed and does not change over time. c. It is not considered in calculating a company's WACC (Weighted Average Cost of Capital). d. It is higher for companies with a lower credit rating
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Cornerstones of Managerial Accounting
Authors: Maryanne Mowen, Don Hanson, Dan Heitger, David McConomy, Bradley Witt, Jeffrey Pittman
3rd Canadian edition
176530886, 176721231, 978-0176721237
