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Use the following balance sheet information to answer. All assets and liabilities are currently priced at par and pay interest annually Assets (S millions) Liabilities
Use the following balance sheet information to answer. All assets and liabilities are currently priced at par and pay interest annually Assets (S millions) Liabilities (S millions) 1-year 7 percent coupon bonds S60 -year 5 percent interest rate CD S50 2-year 6 percent interest rate CD Equity 10-year 12 percent loan $40 $40 S10 $100 $100
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