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Buckeye Industries has a bond issue with a face value of $1,000 that is coming due in one year. The value of the companys as

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a-1) Value of equity 0.37 =(1230-920/(1+6%))*(1440-1000)/(1440-920) a-2) Value of debt $923.63 -1230-306.37 b Value of equity

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