Welcome to Top Excellors!

The Flying Dove has 1,200 bond

The Flying Dove has 1,200 bond.

The Flying Dove has 1,200 bonds outstanding with a $1,000 par value, a 7% coupon, 12 years to

maturity, semiannual interest payments, and a market price equal to 102% of par. The firm also has

47,000 shares of common stock outstanding at a price per share of $33. The Flying Dove has an

expected dividend growth rate of 3% and recently paid a dividend of $2.15 per share. The firm’s tax rate

is 34%. What is the firm’s WACC? What is the firm’s debt-to-equity ratio?

Answer WACC = 0.0739 = 7.39%

Answer D/E = 0.7892

Please show all work

The Flying Dove has 1,200 bond


15% off for this assignment.

Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!

Why US?

100% Confidentiality

Information about customers is confidential and never disclosed to third parties.

Timely Delivery

No missed deadlines – 97% of assignments are completed in time.

Original Writing

We complete all papers from scratch. You can get a plagiarism report.

Money Back

If you are convinced that our writer has not followed your requirements, feel free to ask for a refund.