My ID number is 4521 3) AzerTurk Company currently has 1.2 million commonshares of stock outstanding and the stock has a beta of 1.5.It also has $10 million face value of bonds that matures* and 7 % coupon with annual payments and arepriced to yield 14%. Use actual/actual convention method.Settlement date is 8 April 2021.If AzerTurk issues up to $ 2,500,000 of new bonds, thebonds will be priced at par and have a yield of 14 %; if itissues bonds beyond $2,500,000, the expected yield on theentire issuance will be 15 %. AzerTurk has known thatmarket value of its shares is traded at the value of $10 ashare and the new shares can be sold at the same price. Thecurrent risk-free rate is 3 % and the expected market returnis 10 %. AzerTurk's tax rate is 30 %.What is the WACC if AzerTurk raises $7.5 million of newcapital (both equity and debt) while maintaining the samedebt-to-equity ratio.* Use your ID number. 8 April 2021 + Your ID number asnumber of daysExample ID number = 9876 than maturity date=> 8 April 2021 + 9876 days = 22 April 2048

Employee ID no. 4521 than maturity date :-

Answered: * Use your ID number. 8 April 2021 +…

* Use your ID number. 8 April 2021 + Your ID number as number of days Example ID number = 9876 than maturity date => 8 April 2021 + 9876 days = 22 April 2048

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

My ID number is 4521

3) AzerTurk Company currently has 1.2 million common
shares of stock outstanding and the stock has a beta of 1.5.
It also has $10 million face value of bonds that matures
* and 7 % coupon with annual payments and are
priced to yield 14%. Use actual/actual convention method.
Settlement date is 8 April 2021.
If AzerTurk issues up to $ 2,500,000 of new bonds, the
bonds will be priced at par and have a yield of 14 %; if it
issues bonds beyond $2,500,000, the expected yield on the
entire issuance will be 15 %. AzerTurk has known that
market value of its shares is traded at the value of $10 a
share and the new shares can be sold at the same price. The
current risk-free rate is 3 % and the expected market return
is 10 %. AzerTurk's tax rate is 30 %.
What is the WACC if AzerTurk raises $7.5 million of new
capital (both equity and debt) while maintaining the same
debt-to-equity ratio.
* Use your ID number. 8 April 2021 + Your ID number as
number of days
Example ID number = 9876 than maturity date
=> 8 April 2021 + 9876 days = 22 April 2048

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