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8. The current firm value of BBC is $23.4 million. The firm value will be either $39.6 million or $15.8 million one year later. BBC

8. The current firm value of BBC is $23.4 million. The firm value will be either $39.6 million or $15.8 million one year later. BBC has outstanding zero coupon bonds due in one year with a face value of $21.3 million. The one year risk free interest rate is 3.4. What is the yield on BBC bond? round answer to 4 decimal places

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