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den301095 [7]
3 years ago
6

Bryant Co. has $2.7 million of debt, $1 million of preferred stock, and $2.1 million of common equity. What would be its weight

on preferred stock
Business
1 answer:
Lelu [443]3 years ago
6 0

Answer:

0.172

Explanation:

The computation of the weight on the preferred stock is shown below:

Weight on preferred stock is

= Preferred stock ÷(Debt + preferred stock + common equity)

= $1 million ÷ ($2.7 million + $1 million + $2.1 million)

= $1 million ÷ $5.8 million

= 0.172

By applying the above formula we can easily determine the weight on preferred stock

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Answer:

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Explanation:

The discount yield on the commercial paper is calculated as:

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= 0.01 x 8

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And bond equivalent yield is calculated as:

(($500,000 - $495,000)/$495,000) x (365/45)

= ($5,000/$495,000) x 8.11

= 0.0101 x 8.11

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= 8.19%

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