Business, 13.07.2019 10:00 emmacox069
Santa claus enterprises has 87,000 shares of common stock outstanding at a current price of $39 a share. the firm also has two bond issues outstanding. the first bond issue has a total face value of $230,000, pays 7.1 percent interest annually, and currently sells for 103.1 percent of face value. the second bond issue consists of 5,000 bonds that are selling for $887 each. these bonds pay 6.5 percent interest annually and mature in eight years. the tax rate is 35 percent. what is the capital structure weight of the firms debt?
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Santa claus enterprises has 87,000 shares of common stock outstanding at a current price of $39 a sh...
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