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In August 2015 the capital structure of the Emerson Electric Corporation (EMR) (measured in book and market values) was asfollows: ($ Millions) Book Value Market
In August 2015 the capital structure of the Emerson Electric Corporation (EMR) (measured in book and market values) was asfollows:
($ Millions) | Book Value | Market Value |
| |||
Short-term debt | $2,459 | $2,459 | ||||
Long-term debt | $4,204 | $4,204 | ||||
Common equity | $7,995 | $35,783 | ||||
Total capital | $14,658 | $42,446 |
What weights should Emerson use when computing the firm's weighted average cost of capital?
The appropriate weight of debt, dwd, is %.(Round to one decimal place.)
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