Question: 1. Using the 2014 numbers above for EBIT and Interest expense, compute the market price per $1,000 of long-term debt. Assume that Kostas Corporation's long-term

1. Using the 2014 numbers above for EBIT and Interest expense, compute the market price per $1,000 of long-term debt. Assume that Kostas Corporation's long-term debt is due in 10 years, that interest is paid annually. that Kostas Corporation has a market capitalization of less than $5 billion and that the 10 Year T Bond rate is 4%

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