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Dinklage Corp. has 11.1 million shares of common stock outstanding. The current share price is $59, and the book value per share is $3. The
Dinklage Corp. has 11.1 million shares of common stock outstanding. The current share price is $59, and the book value per share is $3. The company also has two bond issues outstanding. The first bond issue has a face value of $88 million, has a 7 percent coupon, and sells for 91 percent of par. The second issue has a face value of $67.71 million, has a 7 percent coupon, and sells for 94.6 percent of par. The first issue matures in 11 years, the second in 7 years. What is the company's capital structure weight of equity on a book value basis? What is the company's capital structure weight of debt on a book value basis
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