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Liu Industrial Machines issued 154,000 zero coupon bonds seven years ago. The bonds originally had 30 years to matunity with a yield to maturity of
Liu Industrial Machines issued 154,000 zero coupon bonds seven years ago. The bonds originally had 30 years to matunity with a yield to maturity of 7.4 percent Interest rates have recently increased, and the bonds now have a yield to maturity of 85 percent If the company has a $46.9 million market value of equity, what weight should it use for debt intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) when calculating the cost of capital? (Do not round Weight of debt Check my work
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