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5 A firm has 1,000,000 shares of common stock outstanding, each with a market price of $10.00 per share. It has 15,000 bonds

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Answer #1

=(30%-(16%*(15000*900+1000000*10)-15000*900*RATE(15,10%*1000,-900,1000)*(1-21%))/(1000000*10))*2
=9.166%

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