Moogle, Inc. (MI) has perpetual semi-annual coupon bonds outstanding with a face value of $1,000. The yield

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Moogle, Inc. (MI) has perpetual semi-annual coupon bonds outstanding with a face value of $1,000. The yield to maturity on these bonds is 10% (APR, semi-annually compounded). The expected return of the market portfolio is 16% (EAR). MI has 17,000 bonds outstanding; the bonds trade at par. MI's stock price is $53 and MI has one million shares outstanding. What is MI's current D/V-ratio?

Posted Date: May 17, 2024 04:11 PM

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Moogle, Inc. (MI) has perpetual semi-annual coupon bonds outstanding with a face value of $1,000. The yield

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