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Aorporation has 6000000 of 10 bonds and 4000000 of 12

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Reference no: EM13568153

A corporation has $6,000,000 of 10% bonds and $4,000,000 of 12% preferred stock outstanding. The firm's financial breakeven ( assuming a 40% tax rate) is

A $860,000
B $716,000
C $1,100,000
D $1,400,000

Reference no: EM13568153

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