Q 16.28. Work the example from Page 529 (sun [$100] with 3/4 probability, rain [$60] with 1/4
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Q 16.28. Work the example from Page 529 (sun [$100] with 3/4 probability, rain [$60] with 1/4 probability), if the debt promises $65 and offers an expected rate of 3%. What is the weight of equity in the capital structure?
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