Business, 27.11.2019 23:31, bankrollbaby01
Jiminy’s cricket farm issued a bond with 30 years to maturity and a semiannual coupon rate of 6 percent 4 years ago. the bond currently sells for 105 percent of its face value. the company’s tax rate is 23 percent. the book value of the debt issue is $60 million. in addition, the company has a second debt issue on the market, a zero coupon bond with 8 years left to maturity; the book value of this issue is $35 million, and the bonds sell for 67 percent of par.
a.
what is the company’s total book value of debt? (enter your answer in dollars, not millions of dollars, e. g. 1,234,567.)
b. what is the company’s total market value of debt? (enter your answer in dollars, not millions of dollars, e. g. 1,234,567.)
c. what is your best estimate of 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.)
Answers: 3
Business, 21.06.2019 19:40, heroicblad
Sean has placed a job ad and is now interviewing potential employees. which of the following questions is he legally allowed to ask during the interview? do you have any disabilities that will require special accommodation? how many children do you have? where did you earn your degree and how has it prepared you for this position? is this your maiden name that you have listed on the job application?
Answers: 2
Business, 22.06.2019 12:50, angelrenee2000
There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration
Answers: 2
Jiminy’s cricket farm issued a bond with 30 years to maturity and a semiannual coupon rate of 6 perc...
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