Multiple Choice
The current market value of the assets of Cristopherson Supply is $46.5 million.The market value of the equity is $28.7 million.The risk-free rate is 4.75 percent and the outstanding debt matures in 4 years.What is the market value of the firm's debt?
A) $17.80 million
B) $19.80 million
C) $20.23 million
D) $22.66 million
E) $23.01 million
Correct Answer:
Verified
Correct Answer:
Verified
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