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The Dandy Doodle Corp. has 7 million shares of common stock outstanding. The current share price is $79, and the book value per share is
The Dandy Doodle Corp. has 7 million shares of common stock outstanding. The current share price is $79, and the book value per share is $6. In addition, the Dandy Doodle Corp. has two bonds outstanding. The first bond has a face value of $70 million, a coupon of 8 percent, and sells for 94 percent of par. The second bond has a face value of $40 million, a coupon of 9 percent, and sells for 107 percent of par. The first bond matures in 23 years, while the second bond matures in 6 years. What are the company's capital structure weights on a book value basis? (Enter as a decimal, not a percentage, and round your answers to 4 decimal places, e.g., 0.1616.) Equity/Value Debt/Value
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