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Problem 12 >> Intro Kane Inc. has a zero coupon bond outstanding with a face value of $210 million that matures in 10 years. The

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Problem 12 >> Intro Kane Inc. has a zero coupon bond outstanding with a face value of $210 million that matures in 10 years. The market value of its assets is $261 million and the annual standard deviation of the return on the firm's assets is 42%. The risk-free rate is 5% (continuously compounded). Part 1 Attempt 1/8 for 10 pts. What is the value of the term d, in the Black-Scholes formula? 2+ decimals Submit Part 2 Attempt 1/8 for 10 pts. What is the value of N(d)? Use Excel's NORM.S.DIST(d, true) function Submit Part 3 - Attemp What is the market value of the firm's equity (in $ million)? 0+ decimals Submit

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