Question: A firm has the following book-value balance sheet; Debt = $ 9 ,000, Common Stock ($1 par)= 506 and Retained Earnings = $ 6,000.

A firm has the following book-value balance sheet; Debt = $ 9

A firm has the following book-value balance sheet; Debt = $ 9 ,000, Common Stock ($1 par)= 506 and Retained Earnings = $ 6,000. The book value of assets is the total of Debt, Common Stock and Retained Earnings. The firm's bonds are currently selling for $1,164 and the firm's stock is currently selling for $ 33. The firm's tax rate is 28. What is the firm's market value? Show your answer to the nearest $1. Do not use commas or the $ sign in your answer. Your Answer:

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