Question
QUESTION 37 The current stock price for a company is $32 per share, and there are 7 million shares outstanding. This firm also has 110,000
QUESTION 37
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The current stock price for a company is $32 per share, and there are 7 million shares outstanding. This firm also has 110,000 bonds outstanding, which pay interest semiannually. If these bonds have a coupon interest rate of 8%, 15 years to maturity, a face value of $1,000, and an annual yield to maturity of 8.6%, what is the total market value of this firm? (Answer to the nearest dollar, but do not use a dollar sign).
QUESTION 38
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The current stock price for a company is $35 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 6%, 14 years to maturity, a face value of $1,000, and a current price of 996.14, what is the percent market value of equity for this firm? (Answer to the nearest hundredth of a percent, but do not use a percent sign).
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Essentials Of Accounting For Governmental And Not-for-Profit Organizations
Authors: Paul A Copley
11th Edition
0078025451, 9780078025457
