Jones and jones has 85,000 shares of common stock outstanding at a price of $62 a share. they also have 10,000 shares of preferred stock outstanding at a price of $85 a share. the firm has 8 percent, 20-year bonds outstanding with a total face value of $10 million. the bonds are currently quoted at 101 percent of face value. the bonds pay interest semiannually. what is the capital structure weight of the firm's debt if the tax rate is 35 percent? a. 32.00 percent b. 36.16 percent c. 40.48 percent d. 51.75 percent e. 62.27 percent
Answers: 2
Business, 21.06.2019 16:10
Aldrich and co. sold goods to donovan on credit. the amount owed grew steadily, and finally aldrich refused to sell any more to donovan unless donovan signed a promissory note for the amount due. donovan did not want to but signed the note because he had no money and needed more goods. when aldrich brought an action to enforce the note, donovan claimed that the note was not binding because it had been obtained by economic duress. was he correct? [aldrich & co. v. donovan, 778 p.2d 397 (mont.)]
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Business, 22.06.2019 07:10
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Business, 22.06.2019 20:00
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Business, 23.06.2019 00:30
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Jones and jones has 85,000 shares of common stock outstanding at a price of $62 a share. they also h...
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