Question 4 Kjm Corporation S Balance Sheet As Of January 1 2006 Is As Follows

Question 4KJM Corporation’s balance sheet as of January 1, 2006 is as follows: $10,000,0002,000,000 10,000,000 4,000,000 $26,000,000 If the yield to maturity is 12%, what is the current market value of the firm’s debt?

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