"custer's has bonds outstanding with a face value of $162,000 that are selling at par. it also has 10,000 shares of stock outstanding that are selling for $32.30 a share. the all-equity value of the firm is $455,000. the tax rate is 35 percent. by what amount has the value of the firm been decreased by the expected bankruptcy costs? assume there are no other claims on the firm. a. $11,300b. $18,600c. $26,700d. $0e. $30,000

C. 26,700

Explanation:

VL = 455,000 + 0.35(162,000) = 511,700

Current firm market value = 162,000 + 10,000(32.3) = 485,000

Expected bankrupcy costs = 511,700 - 485,000 = $26,700

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.

answer; be sure that the information on file is correct;