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The current stock price for a company is $39 per share, and there are 7 million shares outstanding. This firm also has 220,000 bonds outstanding, which pay interest semiannually. If these bonds have a coupon interest rate of 9%, 8 years to maturity, a face value of $1,000, and a current price of 1,082.47, what is the percent market value of equity for this firm?

Financial Management, Finance

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