subject
Business, 31.10.2019 01:31 jep88

Bonaime, inc., has 6.3 million shares of common stock outstanding. the current share price is $61.30, and the book value per share is $4.30. the company also has two bond issues outstanding. the first bond issue has a face value of $70.3 million, a coupon rate of 7.3 percent, and sells for 96.5 percent of par. the second issue has a face value of $35.3 million, a coupon rate of 6.8 percent, and sells for 95.5 percent of par. the first issue matures in 19 years, the second in 11 years. the most recent dividend was $3.00 and the dividend growth rate is 9 percent. assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. both bonds make semiannual payments. the tax rate is 38 percent. what is the company’s cost of equity? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)cost of equity %what is the company’s aftertax cost of debt? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)aftertax cost of debt %what is the company’s equity weight? (do not round intermediate calculations and round your answer to 4 decimal places, e. g., 32.1616.)equity weight what is the company’s weight of debt? (do not round intermediate calculations and round your answer to 4 decimal places, e. g., 32.1616.)debt weight what is the company’s wacc? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)wacc %

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 07:10
mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.
Answers: 1
question
Business, 22.06.2019 11:40
Manipulation manufacturing's (amm) standards anticipate that there will be 5 pounds of raw material used for every unit of finished goods produced. amm began the month of maymay with 8,000 pounds of raw material, purchased 25,500 pounds for $ 15,300 and ended the month with 7,400 pounds on hand. the company produced 4,9004,900 units of finished goods. the company estimates standard costs at $ 1.10 per pound. the materials price and efficiency variances for the month of maymay were:
Answers: 1
question
Business, 22.06.2019 21:00
Ryan terlecki organized a new internet company, capuniverse, inc. the company specializes in baseball-type caps with logos printed on them. ryan, who is never without a cap, believes that his target market is college and high school students. you have been hired to record the transactions occurring in the first two weeks of operations.
Answers: 1
question
Business, 22.06.2019 23:30
What is the difference between career options in the law enforcement pathway and career options in the correction services pathway?
Answers: 1
You know the right answer?
Bonaime, inc., has 6.3 million shares of common stock outstanding. the current share price is $61.30...
Questions
question
Mathematics, 08.11.2019 06:31
question
History, 08.11.2019 06:31
question
French, 08.11.2019 07:31
question
Chemistry, 08.11.2019 07:31
question
Chemistry, 08.11.2019 07:31