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how do you solve the a.j. croft company (AJC) currently has $100,000 market value (and book value) of perpetual debt outstanding carrying a coupon rate
how do you solve the a.j. croft company (AJC) currently has $100,000 market value (and book value) of perpetual debt outstanding carrying a coupon rate of 6%. Its earning before interest and taxes(EBIT) are $150,000, and it is a zero-growth company. AJC's current cost of equity is 11% and its tax rate is 40%. The first has 10,000 shares of common stock outstanding. What is AJC's current total market value
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