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In order to accurately assess the capital structure of a firm, it is necessary to convert its balance sheet figures from historical book values to
In order to accurately assess the capital structure of a firm, it is necessary to convert its balance sheet figures from historical book values to market values. KJM Corporation's balance sheet (book values) as of today is as follows: The bonds have a 8.3% coupon rate, payable semiannually, and a par value of exist1,000. They mature exactly 10 years from today. The yield to maturity is 11%, so the bonds now sell below par. what is the current market value of the firm's debt? a.exist22, 073, 790 b. exist24, 241, 752 c. exist19, 708, 741 d. exist15, 569, 906 e. exist21, 679, 615
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