Texas Corporation has an effective annual WACC of 9.60%. It is financed with 40% debt and 60% equity. Texas's effective annual cost of equity is 12.80% and its corporate tax rate is 40%. All debt issued by Texas is a 25-year bond, paying coupon annually at a coupon rate of 8%. The bond has a face value of $1,000 What is the price of the Texas bond? (Please retain at least 4 decimal places in your calculations.) a $852.46 b 51.076.74 $987 63 d $1.000 $1,017,57

Alexion Airlines is expected to pay dividend of $3.51 in the coming year. Dividends are expected to decline at the rate of 1% per year. The risk free rate of return is 5% and the market risk premium is 7.8%. The stock of Alexion Airlines Company has a beta of -0.15. At which price should the stock be trading at today? Note: Please retain at least 4 decimal places in your calculations and at least 2 decimal places in the final answer.) The price of the stock is s

Texas Corporation has an effective annual WACC of 9.60%. It is financed with 40% debt and 60% equity. Texas's effective annual cost of equity is 12.80% and its corporate tax rate is 40%. All debt issued by Texas is a 25-year bond, paying coupon annually at a coupon rate of 8%. The bond has a face value of $1,000 What is the price of the Texas bond? (Please retain at least 4 decimal places in your calculations.) a $852.46 Ob 51.076.74 $987 63 Od $1.000 $1,017,57 0 Alexion Airlines is expected to pay dividend of $3.51 in the coming year. Dividends are expected to decline at the rate of 1% per year. The risk free rate of return is 5% and the market risk premium is 7.8%. The stock of Alexion Airlines Company has a beta of -0.15. At which price should the stock be trading at today? Note: Please retain at least 4 decimal places in your calculations and at least 2 decimal places in the final answer.) The price of the stock is s