The current stock price for a company is $31 per share, and there are 2 million shares outstanding. This firm also has 200,000 bonds outstanding, which pay interest semiannually. If these bonds have a coupon interest rate of 6%, 29 years to maturity, a face value of $1,000, and an annual yield to maturity of 7.2%, what is the percent market value of debt for this firm? (Answer to the nearest hundredth of a percent, but do not use a percent sign).

Correct Answer:

73.39 0.01

Could you show me how to put in Excel.