Your firm currently has 1,730,483 shares of stock outstanding that sell for 16.02. Additionally, you've issued...
Your firm currently has 1,730,483 shares of stock outstanding that sell for 16.02. Additionally, you've issued 24,166 bonds, with a par value of S1,000. They currently sell for 85.6% of par.
What is the firm's debt weight?
(Enter your answer as a percentage to 1 decimal place. ex: 12.3)
Homework Answers
Total value of:
Equity=(1,730,483*16.02)=$27722337.7
Bonds=24,166*(1000*85.6%)=$20686096
Total value=27722337.7+20686096=$48408433.7
Hence weight of debt=20686096/48408433.7
=42.7%(Approx).
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