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Business, 07.12.2019 06:31 labrandonanderson00

"dream, inc., has debt outstanding with a face value of $5 million. the value of the firm if it were entirely financed by equity would be $18 million. the company also has 390,000 shares of stock outstanding that sell at a price of $37 per share. the corporate tax rate is 35 percent. what is the decrease in the value of the company due to expected bankruptcy costs?

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"dream, inc., has debt outstanding with a face value of $5 million. the value of the firm if it were...
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