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PLEASE DON'T USE CHATGPT IF YOU DON'T KNOW THE ANSWER, ELSE I WILL REPORT YOU.Merit Inc. has zero coupon debt outstanding that will have to

PLEASE DON'T USE CHATGPT IF YOU DON'T KNOW THE ANSWER, ELSE I WILL REPORT YOU.Merit Inc. has zero coupon debt outstanding that will have to
be repaid in three years, with a face value of $80.00 million.
The risk-free interest rate is 4.19% per annum (continuously
compounded). You estimate that the firm's asset volatility is
17.39% per annum and that its assets are currently worth
$102.00 million. It doesn't pay dividends. Use merton's model to estimate the value of merit's equity
What is the implied value of the debt? Write your answer in million of dollars. What is the per-annum yield (on a continuously compounded basis) on the debt? Write your answer in unit of percentage points.
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