The current market value of the assets of Ditto Inc. is $63.26 million. The market value of the equity is $42.18 million. What is the market value of the firm's debt?

A) $21.08 million
B) $42.16 million
C) $52.72 million
D) $77.78 million
E) $105.44 million

Market Value

The present rate at which a service or asset is available for purchase or sale in the market.

Equity

The value of an asset after deducting the amount of all liabilities on that asset. In investing, it often refers to the ownership interest held by shareholders in a corporation.

Firm's Debt

The total amount of money a company owes to creditors, including loans, bonds, and other forms of debt.