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Shanken Corp. issued a 15-year, 4.5 percent semiannual bond 3 years ago. The bond currently sells for 92 percent of its face value. The book
Shanken Corp. issued a 15-year, 4.5 percent semiannual bond 3 years ago. The bond currently sells for 92 percent of its face value. The book value of the debt issue is $45 million. In addition, the company has a second debt issue on the market, a zero coupon bond with 10 years left to maturity; the book value of this issue is $30 million and the bonds sell for 54 percent of par. The companys tax rate is 25 percent. a. What is the company's total book value of debt? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) b. What is the company's total market value
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