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$54 million 18% 8% annually 10 27% Consider the following company, Book Value of Debt YTM Coupon Coupon Payments Years Corporate Tax Rate # of
$54 million 18% 8% annually 10 27% Consider the following company, Book Value of Debt YTM Coupon Coupon Payments Years Corporate Tax Rate # of Preferred Shares Price of Preferred Share Dividend per Preferred Shares # of Common Shares Price of Common Share B of Common Stock Risk-Free Rate Market Return 1.5 million $27 ||$1.2 7.5 million $18 1 4% 14% What is the market value of the debt? Enter your answer in terms of millions and rounded to 2 DECIMAL PLACES. Enter your response below. Number million
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