Question
What numbers are entered into the TI84 Plus TMV function to calculate the r% where it says PVIF/PVIFA? For example, when I go to Apps
What numbers are entered into the TI84 Plus "TMV" function to calculate the r% where it says PVIF/PVIFA?
For example, when I go to Apps > Finance > TMV Solver, what should be entered into "N=", "PV=", "PMT=", and "FV=" to calculate the "I%=" (alpha enter)
Jiminys Cricket Farm issued a 20-year, 7 percent semiannual coupon bond 5 years ago. The bond currently sells for 94 percent of its face value. The companys tax rate is 24 percent. The book value of the debt issue is $45 million. In addition, the company has a second debt issue, a zero coupon bond with 10 years left to maturity; the book value of this issue is $30 million, and the bonds sell for 65 percent of par. |
a. | What is the companys total book value of debt? (Enter your answer in dollars, not millions of dollars, e.g. 1,234,567.) |
b. | What is the companys total market value of debt? (Enter your answer in dollars, not millions of dollars, e.g. 1,234,567.) |
c. | What is the aftertax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
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