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A company is currently worth $700, and in one year, it will be worth either $500 or $1300. The risk-free interest rate is 5%. The

A company is currently worth $700, and in one year, it will be worth either $500 or $1300. The risk-free interest rate is 5%. The company's equity is currently worth $174.85 and its debt matures in one-year. Calculate the face value of the company's debt.

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