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Summer Corp. has a zero-coupon bond issue outstanding with a $10,000 face value that matures in one year. The current market value of the firm's

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Summer Corp. has a zero-coupon bond issue outstanding with a $10,000 face value that matures in one year. The current market value of the firm's assets is $10,900. The standard deviation of the return on the firm's assets is 31% per year, and the risk-free rate is 6% per year, compounded continuously. Based on the Black-Scholes model, what is the market value of the firm's equity and debt? (Please enter integer values in the blank.) Equity =$ Debt =$ 2. Winter Corp.'s stock is currently selling at $27 per share. There are 1 million shares outstanding. The firm is planning to raise $2 million to finance a new project. What are the ex-rights stock price and the value of a right if two shares of outstanding stock are entitled to purchase one additional share of the new issue? (Please keep two digits after the decimal point e.g. 4.56 or 1.23 ) Ex-rights price= $ Value of a right =$

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