Question
Using the following information, calculate I d : (Existing interest plus I new) Format your answer in millions to the hundredths place. 14,516,000 would be
Using the following information, calculate Id: (Existing interest plus I new)
Format your answer in millions to the hundredths place. 14,516,000 would be entered as 14.52
The firm needs to raise $25m which it can do with debt at 6.89% or stock at $184 per share.
Existing securities:
| Security | Amount | Rate or Dividend |
| Bonds | $444m | 5.38%. |
| Stock | 670m | $0.99 per share |
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Forensic Accounting
Authors: Greg Shields
1st Edition
1727480988, 978-1727480986
