The Cost of Debt,r_d,is Normally Less Than R_s,so R_d(1 -

question 34

True/False

The cost of debt,r_d,is normally less than r_s,so r_d(1 - T) will normally be less than r_s.Therefore,as long as the firm is not completely debt financed,the WACC will normally be greater than r_d(1 - T).

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