The hl company has a bond issue with a face value of 1000, Ask an Expert

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The HL company has a bond issue with a face value of $1,000 that is coming due in one year. The value of its assets is currently $1,240. The assets in the firm will be worth either $760 or $1,512 a year. The going rate on one-year T-bills is 1.02 percent. What is the value of HL equity? The value of its debt? You must round all intermediate calculations to at least 6 decimal places.

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Financial Management, Finance

Category:- Financial Management
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