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Question 4 (12 Marks) (a) Womble Lid has $400 million of debt outstanding at an interest rate of 9 per cent and $600 million of

Question 4 (12 Marks) (a) Womble Lid has $400 million of debt outstanding at an interest rate of 9 per cent and $600 million of equity (market value) outstanding. Womble is subject to a 30 per cent co...

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