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The Saunders Investment Bank has two bond issues. The first bond issue has a face value of $35 million and sells for 108% of the

The Saunders Investment Bank has two bond issues. The first bond issue has a face value of $35 million and sells for 108% of the par. The second bond issue has a face value of $80 million and sells for 61% of the par. 


What is the total market value of debt?

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