LucaCorp.'s 4.3% bonds are currently quoted as trading at "92." There are 10,000 bonds outstanding. The firm's marginal tax rate is 30%. The firm's stock is trading for $59 per share, with 1 million...


LucaCorp.'s 4.3% bonds are currently quoted as trading at "92."  There are 10,000 bonds outstanding.  The firm's marginal tax rate is 30%.  The firm's stock is trading for $59 per share, with 1 million shares outstanding.   The weight of the debt, WD,  is ____%.


Do not round any intermediate work, but round yourfinal answer to 2 decimal places (example: enter 12.34 for 12.34%).  Do not enter the % sign.



Jun 01, 2022
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