Business, 11.12.2019 17:31 dawnmyers88

You are given the following information for huntington power co. assume the company’s tax rate is 24 percent. debt: 21,000 4.9 percent coupon bonds outstanding, $2,000 par value, 24 years to maturity, selling for 106 percent of par; the bonds make semiannual payments. common stock: 425,000 shares outstanding, selling for $67 per share; the beta is .92. market: 6 percent market risk premium and 3.2 percent risk-free rate.

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You are given the following information for huntington power co. assume the company’s tax rate is 24...