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FINA Crop's bata is 1.2. The market risk premium is 7%. The risk free rate is 3%. The total shares outstanding of FINA is 20
FINA Crop's bata is 1.2. The market risk premium is 7%. The risk free rate is 3%. The total shares outstanding of FINA is 20 million. The stock price now is 5% per share. Tax rate is 35%.
FINA issued 30-year bond 5 years ago. The current market value of the debt is $50M. The face value of the bond is $44.5M. The coupon rate is 6%. The bond pays coupon semiannually. What is the curent cost of debt? |
5.12% |
2.90% |
5.80% |
2.56% |
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