The current stock price for a company is $42 per share, and
there are 6 million shares outstanding. This firm also has 230,000
bonds outstanding, which pay interest semiannually. If these bonds
have a coupon interest rate of 9%, 10 years to maturity, a face
value of $1,000, and an annual yield to maturity of 7.8%, what is
the percent market value of debt for this firm? (Answer to the
nearest hundredth of a percent, but do not use a...