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    Basic Finance
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    Exam 21: Cost of Capital
  5. Question
    Because Interest Is a Tax-Deductible Expense, the Effective Cost of Debt
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Because Interest Is a Tax-Deductible Expense, the Effective Cost of Debt

Question 38

Question 38

True/False

Because interest is a tax-deductible expense, the effective cost of debt is less than the stated rate of interest.

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