Question: A Moving to another question will save this response. Question 15 of 25 1 points Save Answer Consider the balance sheet figures for XYZ Corporation's

A Moving to another question will save this response. Question 15 of 25 1 points Save Answer Consider the balance sheet figures for XYZ Corporation's in presented below. Note that the bonds mature in exactly 10 years from today at their par value of $1,000. They have a 4.0% coupon rate, paid semiannually, and are priced to have a yield to maturity equal to 12%. Long-term Debt = $10,000,000 Preferred Stock = $2,000,000 Common Stock ($10 par) = $10,000,000 Retained Earnings = $4,000,000 Total Debt and Equity = $26,000,000 The current market value of the firm's debt is closest to: $5,276,731 a. $5,412,032 b. $10,706,000 C

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