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Use the data to answer the questions Data Questions Please show all work Please be legible Use the following information for 16-22 Given the following
Use the data to answer the questions Data Questions Please show all work Please be legible Use the following information for 16-22 Given the following information for Huntington Power Co. 4,000 bonds outstanding, 7% coupon, $1000 par value, 20 years to maturity, selling for 103% of par, the bonds make semiannual payments Debt: Common stock: 90,000 shares outstanding, selling for $57 per share; the beta is 1.10. Preferred stock: 13,000 shares of 6% preferred stock outstanding, selling for $104 per share 8% market risk premium and 6% risk-free rate 35%. Market: Tax rate
Use the data to answer the questions
Data
Questions
Please show all work
Please be legible
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