MORADA CO (SEP/DEC 16)

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May 26, 2018 at 11:12 am #454083
thomas1212
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MORADA CO(SEP/DEC16)

1. for part (b)(i) in the calculation of the market value of debt, they have used $100, for calculation of debt, where in the question states that we have to use $100….?
May 26, 2018 at 4:30 pm #454111
John Moffat
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Debt is always in units of $100 nominal unless you are told otherwise.
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