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TAFKAP Industries has 5 million shares of stock outstanding selling at $16 per share, and an issue of $30 million in 8.0 percent annual coupon

TAFKAP Industries has 5 million shares of stock outstanding selling at $16 per share, and an issue of $30 million in 8.0 percent annual coupon bonds with a maturity of 15 years, selling at 105 percent of par. Assume TAFKAP

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