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Amit Corp's balance sheet shows a total of noncallable $ 6 5 million long - term debt with a coupon rate of 5 % and
Amit Corp's balance sheet shows a total of noncallable $ million longterm debt with a coupon rate of and a yield to maturity of This debt currently has a market value of $ million. The balance sheet also shows that the company has million shares of common stock, and the book value of the common equity common stock plus retained earnings is $ million. The current stock price is $ per share; stockholders' required return, rs is ; and the firm's tax rate is Consider this company's capital structure, what is the weight of debt calculated in market values? submit your answer in percentages
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