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The notes payable are to banks, and the interest rate on this debt is 11%, the same as the rate on new bank loans. Long
The notes payable are to banks, and the interest rate on this debt is 11%, the same as the rate on new bank loans. Long term debt consists of 30,000 bonds, par value of 1,000 each , annual coupon interest rate 7%, 25 year maturity. going rate of interest ok new long term debt is 11%, common stock sells at a price of $58 per share. Calculate firms market value capital structure.
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