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3pts 1A. A firm's shares currently have a book value of $25.00 but trade in the market at a price of $30.00 It has 6

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3pts 1A. A firm's shares currently have a book value of $25.00 but trade in the market at a price of $30.00 It has 6 million common shares issued. This firm also has $180 million book value of bond debt outstanding, whose current market value is $195 million, because market interest rates have dropped since those bonds were issued.

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