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7. 15-7. Ten years have passed since Arnell issued $15 million in perpetual interest only debt with a 7% annual coupon, as in Problem 6.
7. 15-7. Ten years have passed since Arnell issued $15 million in perpetual interest only debt with a 7% annual coupon, as in Problem 6. Tax rates have remained the same at 35% but interest rates have...
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