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 · 4 answers · asked by bsmooth 1 in Science & Mathematics ➔ Mathematics
Maybe try the business and finance category - I prefer to be a pure mathematician
2006-08-22 09:45:34 · answer #1 · answered by MollyMAM 6 · 0⤊ 0⤋
You gotta be kidding, I didn't like doing the problems while I was in that class. Accounting, yuck.
2006-08-22 07:41:52 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You've got to do your own homework or you'll never learn anything.
2006-08-26 07:32:06 · answer #3 · answered by carpediem 3 · 0⤊ 0⤋
hjhjh
2006-08-25 16:59:53 · answer #4 · answered by greentyce 2 · 0⤊ 0⤋