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4. Although UE cannot short sell any risky assets, it can issue bonds to finance its investment. If necessary, UE can issue a 40-year zero-coupon

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4. Although UE cannot short sell any risky assets, it can issue bonds to finance its investment. If necessary, UE can issue a 40-year zero-coupon bond. To estimate UE's cost of debt, you collected yield curve data from bonds issued by institutions with risk profiles similar to UE's. These yield data can be found in the worksheet titled "Yields," and Appendix B

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