The current market value of the assets of Thompson Pumps is $37.29 million. The market value of the equity is $6.87 million. What is the market value of the firm's debt?
A) $29.71 million
B) $30.42 million
C) $36.87 million
D) $42.13 million
E) $44.16 million

Question

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The Answer of The current market value of the assets of Thompson Pumps is $37.29 million. The market value of the equity is $6.87 million. What is the market value of the firm's debt?
A) $29.71 million
B) $30.42 million
C) $36.87 million
D) $42.13 million
E) $44.16 million

The Current Market Value of the Assets of Thompson Pumps