For the firm VERIZON - determine the cost of debt for the firm using the most recently issued bond of the firm. Do not forget the income tax implications of using debt when considering the cost of debt. What are the factors that influence the cost of debt for the firm that are unique to the firm and industry? Make sure you include the firms rating by one of the credit rating agencies such as Standard and Poor's or Moody's and how it influences the interest rate paid by the firm. Is there anything that firm can do to lower the cost of debt, what and how?