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Market Value Capital Structure Suppose the Schoof Company has this book value balance sheet: The notes payable are to banks, and the interest rate on

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Market Value Capital Structure Suppose the Schoof Company has this book value balance sheet: The notes payable are to banks, and the interest rate on this debt is 11%, the same as the rate on new bank loans. These bank loans are not used for scasonal financing but instead are part of the company's permanent capital structure. The long-term debt consists of 30,000 bonds, each with a par value of $1,000, an annual coupon interest rate of 6%, and a 25 -year maturity. The going rate of interest on new long-term debt, rd, is 10%, and this is the present yleld to maturity on the bonds. The common stock sells at a price of $54 per share. Calculate the firm's market value capital structure. Do not round intermediate calculations. Round the monetary values to the nearest dollar and percentage values to two decimal places

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