Question: Using the following information, calculate N d : Format your answer in millions to the hundredths place. 14,516,000 would be entered as 14.52 The firm

Using the following information, calculate Nd:

Format your answer in millions to the hundredths place. 14,516,000 would be entered as 14.52

The firm needs to raise $18m which it can do with debt at 6.57% or stock at $124 per share.

Existing securities:

Security Amount Rate or Dividend
Bonds $458m 4.55%.
Stock 652m $0.73 per share

Using the following information, calculate Id:

Format your answer in millions to the hundredths place. 14,516,000 would be entered as 14.52

The firm needs to raise $18m which it can do with debt at 6.92% or stock at $114 per share.

Existing securities:

Security Amount Rate or Dividend
Bonds $497m 5.49%.
Stock 717m $0.75 per share

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