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Business, 06.12.2021 14:00 hisachokdee

Frusciante, Inc., has 290,000 bonds outstanding. The bonds have a par value of $1,000, a coupon rate of 7 percent paid semiannually, and 8 years to maturity. The current YTM on the bonds is 7.5 percent. The company also has 10 million shares of stock outstanding, with a market price of $23 per share. What is the company’s market value debt–equity ratio?

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Frusciante, Inc., has 290,000 bonds outstanding. The bonds have a par value of $1,000, a coupon rate...
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