What is the company market value debt

What is the company market value debt–equity ratio

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Reference no: EM131059325

Frusciante, Inc. has 320,000 bonds outstanding. The bonds have a par value of $1,000, a coupon rate of 5.8 percent paid semiannually, and 12 years to maturity. The current YTM on the bonds is 6.3 percent. The company also has 9.5 million shares of stock outstanding, with a market price of $23 per share. What is the company’s market value debt–equity ratio?

Reference no: EM131059325

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