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Business, 04.08.2021 22:20 alysiareyes

Little LampLighter Inc has a book value of $10 million in debt; it's bonds are trading at $900 and there are 11,000 outstanding. It also has a market value of equity of $25 million. Shareholders require a 14% return on their shares and creditors require a 8% before-tax return on their investment. The weighted average return required by investors in Spock Enterprises is percent.

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