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The table below shows a book balance sheet for the Wishing Well Motel chain. The company's long - term debt is secured by its real

The table below shows a book balance sheet for the Wishing Well Motel chain. The company's long-term debt is secured by its real estate assets, but it also uses short-term bank loans as a permanent source of financing. It pays 12% interest on the bank debt and 10% interest on the secured debt. Wishing Well has 10 million shares of stock outstanding, trading at $93 per share. The expected return on Wishing Well's common stock is 22%.(Table figures in $ millions.)
\table[[,,,],[Cash and marketable securities,$120,Bank loan,$260
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