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ABC Company's bonds have a provision which stipulates that the ratio of senior debt to total assets will never rise above 45%. The company is

ABC Company's bonds have a provision which stipulates that the ratio of senior debt to total assets will never rise above 45%. The company is at the limit of that ratio and it wishes to issue still another $25 million in senior debt. How much additional equity capital must it raise to comply with this restrictive provision?

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