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An unlevered firm's value is $400 million. An otherwise identical but levered firm has $50 million in debt. Assuming an environment with no taxes and
An unlevered firm's value is $400 million. An otherwise identical but levered firm has $50 million in debt. Assuming an environment with no taxes and no bankruptcy costs, what is the value of the levered firm? $450 million $350 million $400 million $50 million $250 million
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