8. Mohave Sand and Transit Company currently has an overall value of $8 million. The debt has...
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8. Mohave Sand and Transit Company currently has an overall value of $8 million.
The debt has a face value of $4 million and is represented by discount bonds that mature in 3 years. The standard deviation of the continuously compounded rate of return on overall value is 20 percent. The short-term risk-free rate is currently 6 percent.
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