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Highland Manufacturing has 9.5 million shares of common stock outstanding. The current share price is $53, and the book value per share is $5 (the

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Highland Manufacturing has 9.5 million shares of common stock outstanding. The current share price is $53, and the book value per share is $5 (the total amount in the equity section of the balance sheet). Highland also two bonds issued and outstanding. The first bond issue has a value of $75 million and the second issue has a face value of $60 million (the book value of the bonds equals the market value and represents total debt). What are Highland's capital structure weights on a book value basis? What are Highland's capital structure weights on a market value basis? Which is the more relevant measure? What issues need to be considered when using market values

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