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What is the total market value of firm

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The current stock price for a company is $49 per share, and there are 6 million shares outstanding. This firm also has 140,000 bonds outstanding, which pay interest semiannually. If these bonds have a coupon interest rate of 9%, 22 years to maturity, a face value of $1,000, and a current price of 1,010.35, what is the total market value of this firm? (Answer to the nearest dollar, but do not use a dollar sign).

Reference no: EM131757570

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