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A company has 5 million shares outstanding and a stock price of $45. They have a total face value of $40,000,000 in bonds outstanding maturing

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A company has 5 million shares outstanding and a stock price of $45. They have a total face value of $40,000,000 in bonds outstanding maturing in 5 years, with each bond having a face value of $1000. These annual bonds have a coupon rate of 5% and a yield to maturity of 6%. What proportion of the firm's capital structure comprises debt

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