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Question 3 1 pts Pinder Co operates under the assumptions of Mogliani and Miller, with the only exception that there are corporate taxes of 40%.

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Question 3 1 pts Pinder Co operates under the assumptions of Mogliani and Miller, with the only exception that there are corporate taxes of 40%. Pinder Co is considering issuing $800 million in perpetual corporate bonds with an interest rate of 5%, and using 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? $370 million $280 million $310 million None of the other answers are correct. O $340 million

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