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Using the following information, calculate N d : Format your answer in millions to the hundredths place. 14,516,000 would be entered as 14.52 The firm
Using the following information, calculate Nd:
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 6.57% or stock at $124 per share.
Existing securities:
Security | Amount | Rate or Dividend |
Bonds | $458m | 4.55%. |
Stock | 652m | $0.73 per share |
Using the following information, calculate Id:
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 6.92% or stock at $114 per share.
Existing securities:
Security | Amount | Rate or Dividend |
Bonds | $497m | 5.49%. |
Stock | 717m | $0.75 per share |
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