landon3708 landon3708
  • 19-03-2024
  • Business
contestada

Jenkins, Inc., has equity with a market value of $23.3 million and debt with a market value of $6.99 million. The cost of debt is 9 percent per year. Treasury bills that mature in one year yield 5

A) 5.5%
B) 6%
C) 4.5%
D) 5%

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