Question
Suppose that Papa Bell, Inc.s, equity is currently selling for $45 per share, with 3.0 million shares outstanding. Assume the firm also has 7,000 bonds
| Suppose that Papa Bell, Inc.s, equity is currently selling for $45 per share, with 3.0 million shares outstanding. Assume the firm also has 7,000 bonds outstanding, and they are selling at 93 percent of par. |
| What are the firms current capital structure weights? (Do not round intermediate calculations. Round your answers to 2 decimal places.) |
| Capital structure weights | |||
| Equity | % | ||
| Debt | % | ||
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Financial Management In The Sport Industry
Authors: Matthew T Brown, Daniel Rascher, Mark S Nagel, Chad Mcevoy
1st Edition
1934432040, 978-1934432044
