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Business, 18.09.2019 18:10 gigimasters71p7tc6l

Suppose the schoof company has this book value balance sheet: current assets $30,000,000 current liabilities $20,000,000 fixed assets 70,000,000 notes payable $10,000,000 long-term debt 30,000,000 common stock (1 million shares) 1,000,000 retained earnings 39,000,000 total assets $100,000,000 total liabilities and equity $100,000,000 the notes payable are to banks, and the interest rate on this debt is 10%, the same as the rate on new bank loans. these bank loans are not used for seasonal financing but instead are part of the company's permanent capital structure. the long-term debt consists of 30,000 bonds, each with a par value of $1,000, an annual coupon interest rate of 6%, and a 15-year maturity. the going rate of interest on new long-term debt, rd, is 10%, and this is the present yield to maturity on the bonds. the common stock sells at a price of $64 per share. calculate the firm's market value capital structure. do not round intermediate calculations. round the monetary values to the nearest cent and percentage values to two decimal places.

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Suppose the schoof company has this book value balance sheet: current assets $30,000,000 current li...
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