Sandage Auto Parts has debt outstanding with a market value of $2 million. The companys common stock
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Sandage Auto Parts has debt outstanding with a market value of $2 million. The company’s common stock has a book value of $3 million and a market value of $8 million. What weight is equity in Sandage’s capital structure?
a. 11%
b. 20%
c. 60%
d. 80%
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