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Louie's Truck Repair Has Assets with a Market Value of $8000.The

Question 14

Multiple Choice

Louie's Truck Repair has assets with a market value of $8000.The company has three types of securities: equity,$2500 of debt,and 100 warrants that are fairly priced at $20 each.What is the value of Louie's equity?


A) $5430
B) $12,500
C) $10,500
D) $3500

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