You are given the following financial position statement information about Jordan plc: Non-current assets Current assets Total
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You are given the following financial position statement information about Jordan plc:
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Non-current assets Current assets Total assets Equity finance Ordinary shares (50p nominal value) Reserves Non-current liabilities 7% preference shares (£1 nominal value) 9% bonds (redeemable after 8 years) 9% bank loan Current liabilities Total liabilities You are also given the following information: Yield on Treasury bills Jordan plc equity beta Equity risk premium Current ex div ordinary share price Current ex div preference share price Current ex interest bond price Corporation tax rate Calculate the company's WACC using market weightings. 7% 1.21 9.1% £2.35 £000 200 150 300 650 560 66p £105 per £100 bond 19% £000 1,511 672 2,183 350 1,510 323 2,183
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Related Book For
Corporate Finance Principles And Practice
ISBN: 9781292450940
9th Edition
Authors: Denzil Watson, Antony Head
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