a. What is the value VU of the unlevered firm? (Note that VU is now reduced by

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a. What is the value VU of the unlevered firm? (Note that VU is now reduced by the personal tax on stock income, so VU = $12 million as in Problem 26-6.)

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Financial Management Theory And Practice

ISBN: 9781439078105

13th Edition

Authors: Eugene F. Brigham, Michael C. Ehrhardt

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