Titan Mining Corporation has 8.4 million shares of common stock outstanding and 280,000 6 percent semiannual bonds
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Titan Mining Corporation has 8.4 million shares of common stock outstanding and 280,000 6 percent semiannual bonds outstanding, par value $1,000 each. The common stock currently sells for $32 per share and has a beta of 1.2, and the bonds have 20 years to maturity and sell for 113 percent of par. The market risk premium is 7.2 percent, T-bills are yielding 5 percent, and the companys tax rate is 40 percent.
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