Question: The following data applies to Micro Advanced Developers (MAD). Debt Equity market value of debt = $252,136 market value of equity = $286,651 time to

The following data applies to Micro Advanced Developers (MAD).

Debt Equity market value of debt = $252,136 market value of equity = $286,651 time to maturity of debt = 6 years risk free rate = 3.2% pa coupon rate = 4.6% pa paid semi-annually market risk premium = 9.1% pa face value = $300,000 DDD beta = 0.81
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