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Suppose Scotts borrows $500 million by issuing 10year bonds at a yield of 4%. It plans to repay the bonds in 10 years without refinancing

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Suppose Scotts borrows $500 million by issuing 10year bonds at a yield of 4%. It plans to repay the bonds in 10 years without refinancing them with new debt. Scotts' tax rate will remain 35\% throughout this period. By how much does the bond issuance increase the value of Scotts

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