1. The current stock price for a company is $39 per share, and there are 8 million shares outstanding. This firm also has 130,000 bonds outstanding, which pay interest semiannually. If these bonds have a coupon interest rate of 8%, 16 years to maturity, a face value of $1,000, and an annual yield to maturity of 7.3%, what is the total market value of this firm? (Answer to the nearest dollar, but do not use a dollar sign).
2. The current stock price for a company is $41 per share, and there are 5 million shares outstanding. This firm also has 50,000 bonds outstanding, which pay interest semiannually. If these bonds have a coupon interest rate of 8%, 19 years to maturity, a face value of $1,000, and a current price of 976.95, what is the percent market value of equity for this firm? (Answer to the nearest hundredth of a percent, but do not use a percent sign).
3. The current stock price for a company is $38 per share, and there are 5 million shares outstanding. This firm also has 290,000 bonds outstanding, which pay interest semiannually. If these bonds have a coupon interest rate of 7%, 29 years to maturity, a face value of $1,000, and an annual yield to maturity of 7.8%, what is the percent market value of debt for this firm? (Answer to the nearest hundredth of a percent, but do not use a percent sign).