Question: Help Save & Exit Submit Check my work Raymond Mining Corporation has 8.9 million shares of common stock outstanding. 330,000 shares of 5% $100 par

 Help Save & Exit Submit Check my work Raymond Mining Corporation

Help Save & Exit Submit Check my work Raymond Mining Corporation has 8.9 million shares of common stock outstanding. 330,000 shares of 5% $100 par value preferred stock outstanding, and 151,000 7.50% semiannual bonds outstanding. par value $1,000 each. The common stock currently sells for $37 per share and has a beta of 1.45, the preferred stock currently sells for $93 per share, and the bonds have 15 years to maturity and sell for 118% of par. The market risk premium is 77%, T-bills are yielding 4%, and Raymond Mining's tax is 40%. a. What is the firm's market value capital structure? (Enter your answers in whole dollars.) Debt Equity Preferred stock Market value $ $ $ 3069000

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