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The current stock price for a company is $37 per share, and there are 4 million...

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Finance

The current stock price for a company is $37 per share, andthere are 4 million shares outstanding. This firm also has 280,000bonds outstanding, which pay interest semiannually. If these bondshave a coupon interest rate of 8%, 30 years to maturity, a facevalue of $1,000, and an annual yield to maturity of 8.4%, what isthe percent market value of debt for this firm? (Answer to thenearest hundredth of a percent, but do not use a percent sign).

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Information provided Current stock price 37 Number of shares outstanding 4000000 Number of bonds outstanding 280000 Face value future value 1000 Coupon rate 82 4 Coupon    See Answer
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The current stock price for a company is $37 per share, andthere are 4 million shares outstanding. This firm also has 280,000bonds outstanding, which pay interest semiannually. If these bondshave a coupon interest rate of 8%, 30 years to maturity, a facevalue of $1,000, and an annual yield to maturity of 8.4%, what isthe percent market value of debt for this firm? (Answer to thenearest hundredth of a percent, but do not use a percent sign).

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