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Debt - maturity years. 9.75%, market price $1, 025 per bond, book value $10 million Equally - par value $1. book value $5 million, market

Debt - maturity years. 9.75%, market price $1, 025 per bond, book value $10 million Equally - par value $1. book value $5 million, market price $12 Tax rate is 35%, expected equity rate of return = 16%

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