Question
QUESTION 36 The current stock price for a company is $40 per share, and there are 4 million shares outstanding. This firm also has 210,000
QUESTION 36
The current stock price for a company is $40 per share, and there are 4 million shares outstanding. This firm also has 210,000 bonds outstanding, which pay interest semiannually. If these bonds have a coupon interest rate of 9%, 13 years to maturity, a face value of $1,000, and a current price of 1,006.76, what is the total market value of this firm? (Answer to the nearest dollar, but do not use a dollar sign).
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Financial Management Principles And Applications
Authors: J William Petty, Sheridan Titman, Arthur J Keown, John D Martin, Peter Martin, Michael Burrow, Hoa Nguyen
6th Edition
1442539178, 9781442539174
