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The Tremblay company has 16 million common shares outstanding and the carrying value of its debt is $ 100 million. Debt is made up entirely
The Tremblay company has 16 million common shares outstanding and the carrying value of its debt is $ 100 million. Debt is made up entirely of long-term bonds, and every $ 100 of face value currently sells for $ 120. The share price is $ 22.50. How much is the total market value (debt + shares) of the company?
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
10th Edition
053875446X, 978-0538754460
