Question
Answer without Excel pls. For a school project, you have been asked to examine the capital structure for Chocalatety Donuts Incorporated. After research, you find
Answer without Excel pls.
For a school project, you have been asked to examine the capital structure for Chocalatety Donuts Incorporated. After research, you find the following:
| Financial Information: | Value: |
|---|---|
| Shareholder equity | $240.00 million |
| # of shares outstanding | 65.50 million |
| Price per share | $18.25 |
| Book value of debt | $50.00 million |
| Market value of debt | 90.00% of face value |
What is the market value of the debt? (answer in terms of millions)
Answer format: Currency: Round to: 2 decimal places.
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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
2nd Edition
003034509X, 9780030345098
