Vedder, Inc., has 7.3 million shares of common stock outstanding. The current share price is $62.30, and the book value per share is $5.30. Vedder also has two bond issues outstanding. The first bond issue has a face value of $71.3 million, a coupon rate of 7.3 percent, and sells for 91.5 percent of par. The second issue has a face value of $36.3 million, a coupon rate of 7.8 percent, and sells for 90.5 percent of par. The first issue matures in 19 years, the second in 11 years.

Required:
(a)	What are the company