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IS Corporation's balance sheet as of today is as follows: he bonds have a 8.4% coupon rate, payable semiannually, and a par value of $1,000.

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IS Corporation's balance sheet as of today is as follows: he bonds have a 8.4% coupon rate, payable semiannually, and a par value of $1,000. They mature exactly 10 years from today. The yield to naturity is 12%, so the bonds now sell below par. What is the current market value of the firm's debt? elect the correct answer. a. 97,936,306 b. 57,935,414 c. $7,933,630 d. 57,934,522

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