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Regions, Inc., has 6.8 million shares of common stock outstanding. The current share price is $61.80, and the book value per share is $4.8. Regions
Regions, Inc., has 6.8 million shares of common stock outstanding. The current share price is $61.80, and the book value per share is $4.8. Regions also has two bond issues outstanding. The first bond issue has a face value of $70.8 million, a 7.3 percent coupon, and sells for 94.0 percent of par. The second issue has a face value of $35.8 million, a 7.3 percent coupon, and sells for 93.0 percent of par. The first issue matures in 19 years, the second in 11 years. Required: (a) What are the company
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