Question: 1 . The bonds are ( 8 % ) , annual coupon bonds, with 9 years to maturity and are currently selling
The bonds are annual coupon bonds, with years to maturity and are currently selling for of par. The company's common shares which have a book value of $ per share are currently selling at $ per share. The preferred shares are preferred shares with a book value of $ per share. These shares are currently selling at $ per share. The company has an equity beta of and the current Treasury bill rate is The market risk premium is The company's tax rate is
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