15. Max-Fli Toy Company currently has a total value of $10 million. The face value of the...
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15. Max-Fli Toy Company currently has a total value of $10 million. The face value of the debt outstanding is $7 million, and it is represented by discount bonds that all mature in 4 years. The standard deviation of the continuously compounded rate of return on the total value of the firm is .30. The shortterm risk-free rate is currently 6 percent.
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