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Dani Corporation has 5 . 5 million shares of common stock outstanding. The current share price is $ 8 3 , and the book value
Dani Corporation has million shares of common stock outstanding. The current share
price is $ and the book value per share is $ The company also has two bond issues
outstanding. The first bond issue has a face value of $ million, a coupon rate of
percent, and sells for percent of par. The second issue has a face value of $
million, a coupon rate of percent, and sells for percent of par. The first issue
matures in years, the second in years. Both bonds make semiannual coupon
payments.
a What are the company's capital structure weights on a book value basis? Do not
round intermediate calculations and round your answers to decimal places, eg
b What are the company's capital structure weights on a market value basis? Do not
round intermediate calculations and round your answers to decimal places, eg
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