Miller owns a personal residence witha fair market value of $308,000 and an outstanding first mortgage of $246,400. Miller gets
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Based on the costs of acquisition of Walmart by Amazon, the total transaction costs would come to B. $22,002.
<h3 /><h3>What are the total transaction costs?</h3>Equity financing cost:
= 5.5% x 241,350.75
= $13,274.29
Debt financing cost:
= 1.5% x 241,350.75
= $3,260.26
Other transaction costs:
= $3,000
Target debt redemption premium:
= 70,242 x 3%
= $2,107.26
The total transaction costs are:
= 13,274.29 + 3,260.26 + 3,000 + 2,107.26
= $22,002
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