a market value of basis. The balance sheet as of Dec. 31, 2000 is as follows
Long term debt(bond) $10,000 , Preferred Stock $2,000, Common Stock ($10par) $10,000, Retained Earnings $4,000, Total Debt & Equity $26,000.00 The bonds mature in Dec 2010 and their value at that time will be$1000. Interest is payable semi-annually and the yield to maturity is 12%. The coupon rate is 4%. What is the current market value of the firms debt. Show your work. Thanks
2006-08-22
07:34:55
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4 answers
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asked by
bsmooth
1