Book co. has 1.0 million shares of common stock equity with a par (book) value...
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Finance
Book co. has 1.0 million shares of common stock equity with a par (book) value of $1.00, retained earnings of $30.0 million, and its shares have a market value of $50.00 per share. it also has debt with a par value of $20.00 million that is trading at 101% of par.
a. What is the market value of its equity?
b. What is the market value of its debt?
c. What weights should it use in computing its WACC?
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