Question
Suppose that Lil John Industries' equity is currently selling for $34 per share and that 1.7 million shares are outstanding. Assume the firm also has
Suppose that Lil John Industries' equity is currently selling for $34 per share and that 1.7 million shares are outstanding. Assume the firm also has 27,000 bonds outstanding, and they are selling at 102 percent of par. What are the firm's current capital structure weights? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Capital structure weights Equity % Debt %
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
