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Suppose Corporation A has a book (face) debt value of $12M, trading at 84% of face value. It also has book equity of $24 million,

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Suppose Corporation A has a book (face) debt value of $12M, trading at 84% of face value. It also has book equity of $24 million, and 2.14 million shares of common stock trading at $29 per share. What is the weight for debt that Corporation A should use in calculating its WACC? NOTE: Answer in percentages. That is, if your answer is 90% or 0.90, you should answer 90.00, not 0.90

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