Rank in ascending order (i.e., 1 = lowest, while 3 = highest) the likely after-tax component costs of a Company's long-term financing.
a) 1 = bonds; 2 = common stock; 3 = preferred stock.
b) 1 = bonds; 2 = preferred stock; 3 = common stock.
c) 1 = common stock; 2 = preferred stock; 3 = bonds.
d) 1 = preferred stock; 2 = common stock; 3 = bonds.
