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Saint Nick Enterprises has 15,700 shares of common stock outstanding at a price of $60 per share. The company has two bond issues outstanding. The
Saint Nick Enterprises has 15,700 shares of common stock outstanding at a price of $60 per share. The company has two bond issues outstanding. The first issue has 8 years to maturity, a par value of $1,000 per bond, and sells for 94.5 percent of par. The second issue matures in 22 years, has a par value of $2,000 per bond, and sells for 102 percent of par. The total face value of the first issue is $160,000, while the total face value of the second issue is $260,000. What is the capital structure weight of debt? Multiple Choice 2787 3783 ooooo .1952 .3065 3518
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