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Although the CAPM is theoretically the correct model to use when estimating the expected rate of return on an investment, it is difficult to apply in practice because firms do not issue publicly traded shares for each individual project. individual project betas are almost impossible to be determined. analysts do not have a way to directly estimate the returns related to each individual project. all of the above. When estimating the cost of debt to use in the WACC, which of the following types of debt should be included? Lines of credit Commercial paper Publicly traded bonds All of the above The current cost of debt to use when estimating a firm's WACC is the yield to maturity on its outstanding bonds coupon rate on its outstanding bonds the yield to call on its outstanding bonds none of the above
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