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the common stock and debt of Northern Sludge are valued at $ 6 6 million and $ 3 4 million, respectively. Investors currently require a

the common stock and debt of Northern Sludge are valued at $66 million and $34 million, respectively. Investors currently require a 15.6% return on the common stock and an 8.1% on debt. If Norther Sludge issues an additional $17million of common stck and uses this money to retire debt, what happens to the expected return on the stock?

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