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In order to accurately assess the capital structure of a NADEC it is necessary to convert its balance sheet figures from historical book values to

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In order to accurately assess the capital structure of a NADEC it is necessary to convert its balance sheet figures from historical book values to market values. NADEC's balance sheet (book values) as of today is as follows (All SARI Long-term debt (bonds, at par) -21.478 Preferred stock 2.000 Common stock (10 par) - 10,000 Retained earrings = 4,000 Total debt and equity 37,478 The bonds have a 13% coupon rato, payable semiannually, and a par value of SAR 1,000. Thay mature exactly 10 years from today. The yield to maturity is 13. What is the current market value of the NADEC's debt? The present value of the bond is SAR NADEC market value debt is SAR (use 2 decimals) (use 2 decimals)

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