Edgehill, Inc., has 355,000 bonds outstanding. The bonds have a par value of $1,000, a coupon rate
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Edgehill, Inc., has 355,000 bonds outstanding. The bonds have a par value of $1,000, a coupon rate of 5.4 percent paid semiannually, and 27 years to maturity. The current YTM on the bonds is 4.6 percent. The company also has 11 million shares of stock outstanding, with a market price of $76 per share. What is the company’s market value debt-equity ratio?
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Related Book For 
Corporate Finance
ISBN: 9781260772388
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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