Business
Business, 28.11.2019 02:31, kappy10

Titan mining corporation has 6.8 million shares of common stock outstanding, 245,000 shares of 4.1 percent preferred stock outstanding, and 130,000 bonds with a semiannual coupon rate of 5.8 percent outstanding, par value $1,000 each. the common stock currently sells for $68 per share and has a beta of 1.20, the preferred stock has a par value of $100 and currently sells for $88 per share, and the bonds have 17 years to maturity and sell for 106 percent of par. the market risk premium is 7.6 percent, t-bills are yielding 3.6 percent, and the company’s tax rate is 23 percent. a. what is the firm’s market value capital structure?

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Titan mining corporation has 6.8 million shares of common stock outstanding, 245,000 shares of 4.1 p...

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