Explain Answer

CMS Corporation's balance sheet as of today is as follows: Long-term debt (bonds, at par) Preferred stock Common stock ($10 par) Retained earnings Total debt and equity $10,000,000 2,000,000 10,000,000 4,000,000 $26,000,000 The bonds have a 4.0% coupon rate, payable semiannual y, and a par value of $1,00 the current market value of the firm's debt? T ey mature exact y 10 years on to a. he eld to matur t s 2 so the on snow se elo pa. at s a. $5,276,731 b. $5,547,332 Oc. $7,898,650 O d. $7,706,000 Oe $5,412,032 OIcon Key