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Suppose Corporation A has a book (face) debt value of $12M, trading at 77% of face value. It also has book equity of $20 million,

Suppose Corporation A has a book (face) debt value of $12M, trading at 77% of face value. It also has book equity of $20 million, and 1.81 million shares of common stock trading at $21 per share. What is the weight for debt that Corporation A should use in calculating its WACC?

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