Business, 09.12.2021 03:10 victorialeverp714lg

Anacortes Boutique has 550,000 shares of common stock outstanding at a market price of $15 a share. The company also has 15,000 bonds outstanding that are quoted at 97 percent of face value. Assume a face of $1,000 for these bonds. What weight should be given to the bond when the firm computes its weighted average cost of capital

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Anacortes Boutique has 550,000 shares of common stock outstanding at a market price of $15 a share....

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