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Ace Industrial Machines issued 1 4 6 , 0 0 0 zero coupon bonds seven years ago. The bonds have a par value of
Ace Industrial Machines issued zero coupon bonds seven years ago. The bonds have a par value of $ and originally had years to maturity with a yield to maturity of percent. Interest rates have recently increased, and the bonds now have a yield to maturity of percent. What is the dollar price of the bonds? Do not round intermediate calculations and round your answer to decimal places, eg What is the market value of the company's debt? Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to decimal places, egIf the company has a $ million market value of equity, what weight should it use for debt when calculating the cost of capital? Do not round intermediate calculations and round your answer to decimal places, eg
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