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Rand Corp. has issued 200,000 shares of stock at an average

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Rand Corp. has issued 200,000 shares of stock at an average issue price of $24. They also have $1,000,000 in outstanding 7% coupon bonds and $800,000 in 8% coupon bonds. Both bond issues are semiannual and have eight years to maturity. What is Rand’s capital structure based on book values?If Rand stock is currently selling for $21.50, and bonds comparable to Rand’s are currently yielding 6.0%, what is Rand’s capital structure based on market values?
Submitted: 7 years ago.
Category: Homework
Expert:  SteveS replied 7 years ago.

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