CMS Corporation's balance sheet as of today is as follows: The bonds have a 9.5% coupon rate, payable semiannually, and

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answerhappygod
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CMS Corporation's balance sheet as of today is as follows: The bonds have a 9.5% coupon rate, payable semiannually, and

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CMS Corporation's balance sheet as of today is as follows:
The bonds have a 9.5% coupon rate, payable semiannually, and a
par value of $1,000. They mature exactly 10 years from today. The
yield to maturity is 12%, so the bonds now sell below par. What is
the current market value of the firm's debt?
Select the correct answer.
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