Question: I feel like this question could be true or false. Any help is greatly appreciated. Thx! For a particular firm, depending on tax rates, flotation

I feel like this question could be true or false. Any help is greatly appreciated. Thx!

For a particular firm, depending on tax rates, flotation costs, and the attitude of investors, the cost of new common equity, re, can be less than, equal to, or greater than its before-tax cost of debt, rd.

True

False

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