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Question 8 1 pts A company has the following financial structure. They have issued a 20 year bond 11 years ago. They issued 68,511
Question 8 1 pts A company has the following financial structure. They have issued a 20 year bond 11 years ago. They issued 68,511 $1000 face value semi annual bonds. The bond has a 6.4% coupon. Current market rates are 10.0%. They also have 6,543,432 shares outstanding. The companies just paid a dividend of $3.40, the required rate of return is 12.9% and the growth rate is 3.7%. What is the value of the companies?
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