Working through WACC calculations, and am comfortable with calculating cost of capital for debentures, but not sure how to get the market value.
Self-test exercise 2 has 12%Debentures: $35,000
I’ve calculated cost correctly to 5.6%, but solution has Market value of debentures as $38,609. Can someone please tell me how to calculate MV of debentures? I.e. How it got from 35,000 to 38,609?
Thank you for your assistance 🙂
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