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Pinder Co operates under the assumptions of Mogliani and Miller, with the only exception that there are corporate taxes of 30%. Pinder Co is considering

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Pinder Co operates under the assumptions of Mogliani and Miller, with the only exception that there are corporate taxes of 30%. Pinder Co is considering issuing $500 million in perpetual corporate bonds with an interest rate of 6% and will use those proceeds to repurchase shares. If Pinder Co goes through with this plan, how much would the value of Pinder Co as a whole increase by? $200 million $250 million $150 million None of the other answers are correct. $300 million

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