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can you help me solve this? Binomial Tree Farm's financing includes $5 million of bank loans and $6 milllon book (face) value of 10-year bonds,
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Binomial Tree Farm's financing includes $5 million of bank loans and $6 milllon book (face) value of 10-year bonds, which are selling at 95% of par value. Its common equity is shown in Einomial's Annual Report at $6.67. it has 500.000 shares of common stock outstanding which trade on the Wichita Stock Exchange at $18 per share. What debt ratio should Binomial use to calculate its WACC? Note: Round your answer to 2 decimal places Step by Step Solution
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