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Business, 08.02.2021 20:20 herchellann302

Elk Electronics has bonds outstanding with a market value of $3,085,000. It also has 180,000 shares of stock outstanding that are selling for $43.25 per share. The all-equity value of the firm is $11,400,000. The tax rate is 21 percent. By what amount has the value of the firm been decreased by the expected bankruptcy costs

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Elk Electronics has bonds outstanding with a market value of $3,085,000. It also has 180,000 shares...
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