Cyberdyne Systems is a military/defense products company. Cyberdyne Systems is all equity financed. Cyberdyne has 200 million shares outstanding which trade for $20 per share. Cyberdyne's shareholders require a return of 10%
Omni Defense Products Inc is also a military/defense products company. It's shares are trading for $35 per share. Omni has 100 million shares outstanding. Omni has debt worth $3 billion. Omni's debt is priced to yield 6.5%.
What is the required return of Omni's shareholders? (Assume that the tax rate is 0%.)
A) 12.33%
B) 12.50%
C) 12.63%
D) 13.00%
E) 13.50%
D
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A sporting goods store had a lease agreement to pay 1.75% on all income over $56,000 a month gross in addition to the base rent they paid of $2,000. Last year they paid $56,500 in rent. What was their total gross income?
(a) $2,529,143 (b) $1,368,321 (c) $1,857,143 (d) $1,954,330
In ________ environments, clients only need access to the Internet and a standard browser like Internet Explorer with a few plug-ins to interact with ERP applications
A) server-centric B) web-based C) client-centric D) n-tier client/server