b. Assume that the short-term rate rises to 20%, that the rate on new long-term debt rises
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b. Assume that the short-term rate rises to 20%, that the rate on new long-term debt rises to 16%, and that the rate on existing long-term debt remains unchanged.
What would be the return on equity for Vanderheiden Press and Herrenhouse Publishing under these conditions?
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Related Book For 
Financial Management Theory And Practice
ISBN: 9781439078105
13th Edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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