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A company has the following financial structure. They have issued a 20 year bond 11 years ago. They issued 50,272 $1000 face value semi
A company has the following financial structure. They have issued a 20 year bond 11 years ago. They issued 50,272 $1000 face value semi annual bonds. The bond has a 8.4% coupon. Current market rates are 10.6%. They also have 9,147,968 shares outstanding. The companies just paid a dividend of $3.90, the required rate of return is 11.7% and the growth rate is 3.6%. What is the value of the companies?
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