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Firm XYZ has 10 million outstanding shares, each selling for $15 per share. The firm's debt is publicly trading at 90 percent of its $75

Firm XYZ has 10 million outstanding shares, each selling for $15 per share. The firm's debt is publicly trading at 90 percent of its $75 million face value. The firm pays a 3.0% rate of interest (befo...

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