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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 $ million and $ million, respectively. Investors currently require a return on the common stock and an on debt. If Norther Sludge issues an additional $million of common stck and uses this money to retire debt, what happens to the expected return on the stock?
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