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i need the correct answer 16.) Nucor, an innovative steel company, has had a history of technical innovation and financial conservatism. In 1995, Nucor had
i need the correct answer
16.) Nucor, an innovative steel company, has had a history of technical innovation and financial conservatism. In 1995, Nucor had only $210 million in debt outstand- ing (book as well as market value) and $4.2 billion in market value of equity (with a book value of $1.25 billion). In the same year, Nucor had earnings before interest and taxes of $372 million and faced a corpo- rate tax rate of 36%. The beta of the stock is 0.75, and the company is AAA rated (with a market interest rate of 6.80%)
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