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Book Co. has 1.6 million shares of common equity with a par (book) value of $1.00, retained earnings of $29.2 million, and its shares have

Book Co. has 1.6 million shares of common equity with a par (book) value of $1.00, retained earnings of $29.2 million, and its shares have a market value of $50.31 per share. It also has debt with a par value of $20.4 million that is trading at 101% of par. a. What is the market value of its equity? b. What is the market value of its debt? c. What weights should it use in computing its WACC

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