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question - Consider the following company, Book Value of Debt YTM Coupon Coupon Payments Years Corporate Tax Rate # of Preferred Shares Price of Preferred

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Consider the following company, Book Value of Debt YTM Coupon Coupon Payments Years Corporate Tax Rate # of Preferred Shares Price of Preferred Share Dividend per Preferred Shares #of Common Shares Price of Common Share B of Common Stock Risk-Free Rate Market Return What is the market value of the debt? Enter your answer in terms of millions and rounded to 2 DECIMAL PLACES. Enter your response below. 76.86 Correct response: 76.860.03 million $67 million 6% 8% annually 10 32% 1.5 million $28 $1.07 5.5 million $16 0.7 2% 13% Click "Verify" to proceed to the next part of the question. What is the rate of return on the preferred stock? Enter you answer as a percentage and rounded to 2 DECIMAL PLACES. Do not include the percentage sign in your answers. Enter your response below. Number % Click "verify" to proceed to the next part of the

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