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CMS Corporation's balance sheet as of today is as follows: The bonds have a 6.5% coupon rate, payable semiannually, and a par value of $1,000.

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CMS Corporation's balance sheet as of today is as follows: The bonds have a 6.5% coupon rate, payable semiannually, and a par value of $1,000. They mature exactly io years from today. The yield to maturity is 12, so the bonds now sell below par, What is the current market value of the firm's debt? Select the correct answer. a. 56,846,282 b. $6,845,772 c. 36,447,303 d. $6,846,792 c. 56.847.813

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