The glass house has total assets currently valued at 17300

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The Glass House has total assets currently valued at $17,300. These assets are expected to increase in value to either $18,000 or $21,000 by next year. The company has a pure discount bond outstanding with a face value of $20,000. This bond matures in one year. Currently, U.S. Treasury bills are yielding 5.4 percent. What is the value of the equity in this firm?

Reference no: EM13623369

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