• Which of the following statements is FALSE?
• A firm's cost of equity capital is directly related to investors' required rate on the firm's stock.
• B.The capital asset pricing model may be a preferred option for calculating cost of equity for a firm with no dividends.
• C.When using the dividend growth model to estimate required return, the sustainable growth rate may be used to approximate the growth rate in dividends.
• D.A firm's cost of debt may be estimated using the average coupon rate on the firm's bonds.