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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 5.5 million shares of common stock outstanding. The current share price is $83, and the book value per share is $5. The company also has two bond issues outstanding. The first bond issue has a face value of $80 million, a coupon rate of 5.5 percent, and sells for 109 percent of par. The second issue has a face value of $45 million, a coupon rate of 5.8 percent, and sells for 108 percent of par. The first issue matures in 21 years, the second in 6 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 4 decimal places, e.g.,.3216.)
b. What are the company's capital structure weights on a market value basis? (Do not round intermediate calculations and round your answers to 4 decimal places, e.g.,.3216.)
\table[[a. Equity/Nalue,],[a. Debt/Value,],[b. Equity/Nalue,],[b. Debt/Nalue,]]
c. Which are more relevant, the book or market value weights?
Market value
Book value
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