The Cost of Debt

We thank Rick Green (the Acting Editor), and an anonymous referee, Heitor Almeida, Ravi Bansal, Jonathan Berk, Michael Brandt, Alon Brav, Hui Chen, Dave Denis, Simon Gervais, Cam Harvey, Han Hong, Ralph Koijen, Mike Lemmon, Rich Mathews, Bertrand Melenberg, Mitch Petersen, Francisco Perez Gonzalez, Anamarıa Pieschacon, Adriano Rampini, Michael Roberts, David Robinson, Ilya Strebulaev, George Tauchen, Larry Weiss, Toni Whited, participants at the WFA meetings, the NBER Summer Institute, the EFA meetings, UNC Tax Symposium, the McKinsey Corporate Finance Conference, and seminar participants at Duke University, Georgetown University, Indiana University, New York University, Purdue University, Rice University, University of Chicago, University of Pittsburgh, and The Wharton School for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.