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The Dandy Doodle Corp. has 8 million shares of common stock outstanding. The current share price is $80, and the book value per share is

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The Dandy Doodle Corp. has 8 million shares of common stock outstanding. The current share price is $80, and the book value per share is $7. In addition, the Dandy Doodle Corp. has two bonds outstanding. The first bond has a face value of $75 million, a coupon of 9 percent, and sells for 95 percent of par. The second bond has a face value of $45 million, a coupon of 10 percent, and sells for 108 percent of par. The first bond matures in 24 years, while the second bond matures in 7 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 3 years ago Mickey's Mouse Emporium issued a bond with 30 years to maturity. The bond pays an annual coupon of 6 percent The bond currently sells for 92 percent of its face value and has a yield to maturity of 664%. The company's tax rate is 40 percent The book value of the debt issue is $50 million, 2 50000000 In addition, Mickey's Mouse Emporium issued a zero coupon bond that yields 5 20% with 12 years left to maturity, the book value of this bond issue is $50 million, and the bonds sell for 54 percent of par What is the company's (after-tax) cost of debt based on the debts' market value? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) % Cost of debt

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