QUESTION 37 The current stock price for a company is $40 per share, and there are 3 million shares outstanding. This firm also has 150,000 bonds outstanding, which pay interest semiannually. If these bonds have a coupon interest rate of 8%, 8 years to maturity, a face value of $1,000, and an annual yield to maturity of 8.9%, what is the total market value of this firm? (Answer to the nearest dollar, but do not use a dollar sign).