J&J Movers has 40,000 shares of common stock outstanding at a price of $34 a share. It also has 4,000 shares of preferred stock outstanding at a price of $58 a share. The firm has 9 percent, 10-year bonds outstanding with a total face value of $500,000. The bonds are currently quoted at 960 and pay interest semiannually. What is the capital structure weight of the firm's debt if the tax rate is 34 percent?
Why choose us
Your assignments are important as they contribute to your overall grade. This gives you all the more reason to take your assignments seriously even if it means seeking help from people who have been in your shoes before and excelled.
+1(838) 444 4907