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B. Estimate the levered value bf the rm using the APE! apprbaeh. at a debt ratio at 50%. At that debt ratio, the rm'S bend

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B. Estimate the levered value bf the rm using the APE! apprbaeh. at a debt ratio at 50%. At that debt ratio, the rm'S bend rating will be CCC. and the probability bf default will increase to 3D%

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