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11.1 KneeMan Markup Company has total debt obligations with book and market values equal to $31 million and $27 million, respectively. It also has total

11.1
KneeMan Markup Company has total debt obligations with book and market values equal to $31 million and $27 million, respectively. It also has total equity with book and market values equal to $39 million and $60 million, respectively. If you were going to buy all of the assets of KneeMan Markup today, how much should you be willing to pay?

Willing to pay $

million.

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