The current market value of the assets of ABC,Inc.is $96 million.The market value of the equity is $43.28 million.What is the market value of the firm's debt?
A) cannot be determined from the information given
B) $21.36 million
C) $35.89 million
D) $52.72 million
E) $64.08 million
Correct Answer:
Verified
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