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Dees Dress Emporium has 50,000 shares of common stock outstanding at a price of $27 a share. It also has 1000 shares of preferred stock
Dees Dress Emporium has 50,000 shares of common stock outstanding at a price of $27 a share. It also has 1000 shares of preferred stock outstanding at a price of $20 a share. There are 800 bonds outstanding that have an annual coupon payment of $50. The bonds mature in four years, have a face value of $1,000, and sell at 97 percent of par. What is the total market value of the firm?
Dees Dress Emporium has 50,000 shares of common stock outstanding at a price of $27 a share. It also has 1000 shares of preferred stock outstanding at a price of $20 a share. There are 800 bonds outstanding that have an annual coupon payment of $50. The bonds mature in four years, have a face value of $1,000, and sell at 97 percent of par. What is the total market value of the firm?
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