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What is the total market value of firm

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The current stock price for a company is $38 per share, and there are 9 million shares outstanding. This firm also has 170,000 bonds outstanding, which pay interest semiannually. If these bonds have a coupon interest rate of 7%, 24 years to maturity, a face value of $1,000, and an annual yield to maturity of 7.8%, what is the total market value of this firm? (Answer to the nearest dollar, but do not use a dollar sign).

Reference no: EM131757572

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