Media Manufacturing has 7,369,643 shares of common stock outstanding. The current share price is $33.24, and the book value per share is $8.18. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $64,859,449, has a 0.08 coupon, matures in 14 years and sells for 89 percent of par. The second issue has a face value of $58,934,054, has a 0.06 coupon, matures in 27 years, and sells for 96 percent of par.
The most recent dividend was $2.23 and the dividend growth rate is 0.06. Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 0.34.
What is Media's cost of equity? (4 decimals)
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Media Manufacturing has 7,369,643 shares of common stock outstanding. The current share price is $33.24, and the book va...
Filer Manufacturing has 6,572,197 shares of common stock outstanding. The current share price is $40.03, and the book value per share is $6.36. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $70,352,695, has a 0.05 coupon, matures in 10 years and sells for 83 percent of par. The second issue has a face value of $67,433,066, has a 0.06 coupon, matures in 20 years, and sells for 92 percent of par....
Filer Manufacturing has 6000000 shares of common stock outstanding. The current share price is $22.98, and the book value per share is $9.25. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $63000000, has a 0.06 coupon, matures in 9 years and sells for 90 percent of par. The second issue has a face value of $55000000, has a 0.07 coupon, matures in 16 years, and sells for 81 percent of par....
Filer Manufacturing has 4,294,390 shares of common stock outstanding. The current share price is $59.03, and the book value per share is $5.34. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $55,657,525, has a 0.08 coupon, matures in 13 years and sells for 98 percent of par. The second issue has a face value of $60,631,873, has a 0.08 coupon, matures in 15 years, and sells for 97 percent of par....
Filer Manufacturing has 7,314,011 shares of common stock outstanding. The current share price is $44.33, and the book value per share is $6.6. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $70,411,393, has a 0.05 coupon, matures in 10 years and sells for 83 percent of par. The second issue has a face value of $79,758,791, has a 0.06 coupon, matures in 20 years, and sells for 92 percent of par....
Filer Manufacturing has 8757596 shares of common stock outstanding. The current share price is $56.37, and the book value per share is $9.59. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $49755532, has a 0.05 coupon, matures in 10 years and sells for 83 percent of par. The second issue has a face value of $52381094, has a 0.06 coupon, matures in 20 years, and sells for 92 percent of par....
Filer Manufacturing has 9,284,561 shares of common stock outstanding. The current share price is $64.73, and the book value per share is $7.05. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $78,117,144, has a 0.05 coupon, matures in 10 years and sells for 83 percent of par. The second issue has a face value of $41,099,028, has a 0.06 coupon, matures in 20 years, and sells for 92 percent of par....
1.) Filer Manufacturing has 8,449,444 shares of common stock outstanding. The current share price is $21.19, and the book value per share is $6.06. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $47,540,393, has a 0.08 coupon, matures in 15 years and sells for 90 percent of par. The second issue has a face value of $50,860,334, has a 0.05 coupon, matures in 6 years, and sells for 86 percent of...
Filer Manufacturing has 8,965,201 shares of common stock outstanding. The current share price is $27.09, and the book value per share is $3.78. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $73,031,874, has a 0.05 coupon, matures in 10 years and sells for 83 percent of par. The second issue has a face value of $77,711,671, has a 0.06 coupon, matures in 20 years, and sells for 92 percent of par....
Filer Manufacturing has 4,226,345 shares of common stock outstanding. The current share price is $71.75, and the book value per share is $3.07. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $66,196,171, has a 0.05 coupon, matures in 10 years and sells for 83 percent of par. The second issue has a face value of $76,232,726, has a 0.06 coupon, matures in 20 years, and sells for 92 percent of par....
Filer Manufacturing has 4,916,190 shares of common stock outstanding. The current share price is $52.39, and the book value per share is $3.65. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $62,308,724, has a 0.05 coupon, matures in 10 years and sells for 83 percent of par. The second issue has a face value of $61,013,614, has a 0.06 coupon, matures in 20 years, and sells for 92 percent of par....