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Saint Nick Enterprises has 15,900 shares of common stock outstanding at a price of $61 per share. The company has two bond issues outstanding. The

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Saint Nick Enterprises has 15,900 shares of common stock outstanding at a price of $61 per share. The company has two bond issues outstanding. The first issue has 9 years to maturity, a par value of $1,000 per bond, and sells for 95 percent of par. The second issue matures in 23 years, has a par value of $2,000 per bond, and sells for 102.5 percent of par. The total face value of the first issue is $170,000, while the total face value of the second issue is $270,000. What is the capital structure weight of debt? Multiple Choice 2834 O .3112 O 1965 .3830 .3565

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