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Q 3 Book Co. has 1.7 million shares of common equity with a par (book) value of $1.20, retained earnings of $30.9 million, and its
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Book Co. has 1.7 million shares of common equity with a par (book) value of $1.20, retained earnings of $30.9 million, and its shares have a market value of $48.74 per share. It also has debt with a par value of $21.2 million that is trading at 104% of par. a. What is the market value of its equity? b. What is the market value of its debt? c. What weights should it use in computing its WACC
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Business Math
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
10th edition
133011208, 978-0321924308, 321924304, 978-0133011203
