option 4. value: 6.66 points Frusciante, Inc. has 125,000 bonds outstanding. The bonds have a...
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option 4. value: 6.66 points Frusciante, Inc. has 125,000 bonds outstanding. The bonds have a par value of $2,000, a coupon rate of 5.7 percent paid semiannualy, and 14 years to maturity. The current YTM on the bonds is 6.1 percent. The company also has 9 million shares of stock outstanding, with a market price of $24 per share. What is the company's market value debt-equity ratio? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) Debt-equity ratio References times eBook& Resources WorksheetDifficulty: 1 BasicSection: 15.2 Corporate Long-Term Debt
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