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Suppose a firm's value of assets is $50 million with standard deviation of 20%. The only bond the firm has outstanding is for a face

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Suppose a firm's value of assets is $50 million with standard deviation of 20%. The only bond the firm has outstanding is for a face value of $60 million and has the term of 10 years. The risk free rate is 5%. What is the value of that firm's equity? $23.45 million $15.79 million $11.67 million $18,79 million

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