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As part of our class discussion of the WACC formula the point was made that the D and E in the WACC formula should ideally

As part of our class discussion of the WACC formula the point was made that the D and E in the WACC formula should ideally be market values. Per case Exhibit 2 the long-term debt is $50,203 million. Assume for this one question that this entire amount is from the bond that was issued in Feb 2000 and is currently trading at $136.38 with a yield of 3.53% and a coupon of 7.55 percent. What is your best guess for what the market value would be of this long-term debt?
$53,993
$50,203 million
$51,975 million
$68467 million
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