Question: i am completely lost on how do this worksheet. Any help would be much appreciated! Thanks! Nike has outstanding bonds with a total face value
i am completely lost on how do this worksheet. Any help would be much appreciated! Thanks!
Nike has outstanding bonds with a total face value of $95 million that mature in 17 years. The bonds pay a 2.75% semiannual coupon and currently sell at 96.64 percent of par. Nike also has 1.6 million common shares outstanding that currently sell at $102 per share. The risk-free rate is 0.6% while the MRP is 11.5%. Nike has a beta of 0.98 and a tax rate of 21%. Compute the following for Nike: Lines 1 and 2 should be entered as dollars rounded to the nearest dollar (no decimals). Lines 3 through 7 should be entered as percentages rounded to 4 decimal places
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