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Posted by: Homeworkhelp
Price Quoted by Student: $5
Posted On: 2011-03-21 06:06:53
 
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P13-8 The Wall Company has 142,500 shares of common stock outstanding that are currently selling

 

ANSWER KEY SOLUTION P13-8 The Wall Company has 142,500 shares of common stock

 

P13-8 The Wall Company has 142,500 shares of common stock outstanding that are currently selling at $28.63.  It has 4,530 bonds outstanding that won’t mature for 20 years.  They were issued at a par value of $1,000 paying a coupon rate of 6%.  Comparable bonds now yield 9%.  Wall’s $100 par value preferred stock was issued at 8% and is now yielding 11%; 7,500 shares are outstanding.  Develop Wall’s market value based capital structure. 


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SOLUTION:       &nb
Price $5
Attachment 1: P13-8 The Wall Company.doc
Solution Posted By: Homeworkhelp    Posted on: 21-03-2011