What is total market value of this firm

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Reference no: EM131965278

The current stock price for a company is $39 per share, and there are 6 million shares outstanding. This firm also has 160,000 bonds outstanding, which pay interest semiannually. If these bonds have a coupon interest rate of 9%, 26 years to maturity, a face value of $1,000, and an annual yield to maturity of 8.5%, what is the total market value of this firm? (Answer to the nearest dollar, but do not use a dollar sign).

Reference no: EM131965278

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