Question
Using the following information, calculate I e (existing interest) : Format your answer in millions to the hundredths place. 14,516,000 would be entered as 14.52
Using the following information, calculate Ie (existing interest):
Format your answer in millions to the hundredths place. 14,516,000 would be entered as 14.52
The firm needs to raise $18m which it can do with debt at 7.14% or stock at $133 per share.
Existing securities:
| Security | Amount | Rate or Dividend |
| Bonds | $368m | 5.15%. |
| Stock | 639m | $1.03 per share |
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The Quality Audit Handbook
Authors: Asq Quality Audit Division, J. P. Russell
2nd Edition
087389460X, 978-0873894609
