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please help me correct the answers. thanks. focus on the last two questions. Book Co. has 1.6 million shares of common equity with a par
please help me correct the answers. thanks. focus on the last two questions.
Book Co. has 1.6 million shares of common equity with a par (book) value of $1.10, retained earnings at $30.5 million, and its shares have a market value at $51.53 per share. it also has debt with a par value of $21 .2 million that is trading at 154% of par. a. What is the market value of its equity? b. 1Llllll'hat is the market value of its debt? c. What weights should it use in computing its WAGE? a. What is the market value of its equity\"? The market value of the equity is 5- million. (Round to two decimal places.) b. What is the market value of its debt? The market value of the debt is $ million. {Round to two decimal places.) c. What weights should it use in computing its WAGE? The debt weight for the wear: calculation is -%. (Round to two decimal places.) The equity weight for the WACC calculation is T332 'llll. (Round to two decimal places.)Step by Step Solution
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