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Pandora Manufacturing has 4 million shares of common stock outstanding. The current share price is $83, and the book value per share is $8. The

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Pandora Manufacturing has 4 million shares of common stock outstanding. The current share price is $83, and the book value per share is $8. The company also has two bond issues outstanding. The first bond issue has a face value of $90 million and a coupon rate of 6 percent and sells for 98 percent of par. The second issue has a face value of $60 million and a coupon rate of 7 percent and sells for 106 percent of par. The first issue matures in 21 years, the second in 3 years. 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., .1616.) 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., .1616.) c. Which are more relevant, the book or market value weights? a. Equity/Value Debt/Value b. Equity/Value Debt/Value C. More relevant

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