Suppose a company's equity is currently selling for $55 per share, with 4 million shares outstanding. If the company also has 17 thousand bonds outstanding, which are selling at 94% of par, what are the company current capital structure weights? Blank one is-----%(Equity to 2 decimal points); blank 2 is ______%(Debt to 2 decimal points)
Suppose a company's equity is currently selling for $55 per share, with 4 million shares outstanding. If the company also has 17 thousand bonds outstanding, which are selling at 94% of par, what are the company current capital structure weights? Blank one is-----%(Equity to 2 decimal points); blank 2 is ______%(Debt to 2 decimal points)
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter12: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 4FPE: The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 million...
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Suppose a company's equity is currently selling for $55 per share, with 4 million shares outstanding. If the company also has 17 thousand bonds outstanding, which are selling at 94% of par, what are the company current capital structure weights? Blank one is-----%(Equity to 2 decimal points); blank 2 is ______%(Debt to 2 decimal points)
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