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 sheet (book values) The bonds have a 8.3% coupon rate, payable semiannually, and a par value of $1,000. They mature exactly so years from today. The yield to maturity is 11%, so the bonds now sell below par. What is the current market value of live firm s debt? $22, 073, 790 $19, 708, 741 $24, 241, 752 $21, 697, 615 $15, 569, 906