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Filer Manufacturing has 7600000 shares of common stock outstanding. The current share price is $29.54, and the book value per share is $8.72. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $43000000, has a 0.05 coupon, matures in 10 years and sells for 83 percent of par. The second issue has a face value of $43000000, has a 0.06 coupon, matures in 20 years, and sells for 92 percent of par. The most recent dividend was $2.94 and the dividend growth rate is 0.06. 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 0.30. What is Filer's WACC? Enter the answer with 4 decimals (e.g. 0.2345)
A firm has $500,000 in accounts receivable. A commercial bank will accept these accounts receivable as collateral and will advance the firm 75% of the accounts receivable amount on loan at 6%. The bank charges a $5,000 credit checking fee. The firm w..
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Should the company proceed with the development of the product if the discount rate is 20? Why or why not?
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Are there any instances in which companies should not pay dividends? How do dividends impact the value of a share of stock?
Flower Valley Company bonds have a 9.07 percent coupon rate. Interest is paid semiannually. The bonds have a par value of $1,000 and will mature 26 years from now. Compute the value of Flower Valley Company bonds if investors’ required rate of return..
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