Electronics Galore has 950,000 shares of common stock outstanding at a market price of $38 a share.
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Electronics Galore has 950,000 shares of common stock outstanding at a market price of $38 a share. The company also has 40,000 bonds outstanding that are quoted at 106 percent of face value. Each bond has a face value of $1000. What is the total market value of the company?
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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