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In the Nike Cost of Capital Case, which of the following is a true statement.A: Joanna correctly calculated the WACC for Nike using market values.B: At the time of the Nike Case, the yield curve was inverted, leading to long-term bond yields lower than shorter-term bond yields and complicating the analysis.C: Based on information in the case, Nike's quoted bonds were trading at a premium to par.D: Based on a corrected calculation of WACC, the implied share price from Kimi Ford's DCF analysis would be greater than her initial estimate.
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