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Jack's Construction Co. has 80,000 bonds outstanding that areselling at par value. Bonds with similar characteristics areyielding 8.6 percent. The company also has 4 million

Jack's Construction Co. has 80,000 bonds outstanding that areselling at par value. Bonds with similar characteristics areyielding 8.6 percent. The company also has 4 million shares ofcommon stock o 2 answers

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