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Cotter Steel has exist5, 700,000 in assets. Assume the term structure of interest rates becomes inverted, with short-term rates going to 13 percent and long-term

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Cotter Steel has exist5, 700,000 in assets. Assume the term structure of interest rates becomes inverted, with short-term rates going to 13 percent and long-term rates 5 percentage points lower than short-term rates. Earnings before interest and taxes are exist1, 200,000. The tax rate is 40 percent

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