Saint Nick Enterprises has 17,900 shares of common stock outstanding at a price of $71 per...

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Saint Nick Enterprises has 17,900 shares of common stockoutstanding at a price of $71 per share. The company has two bondissues outstanding. The first issue has 9 years to maturity, a parvalue of $1,000 per bond, and sells for 102.5 percent of par. Thesecond issue matures in 23 years, has a par value of $2,000 perbond, and sells for 107.5 percent of par. The total face value ofthe first issue is $270,000, while the total face value of thesecond issue is $370,000. What is the capital structure weight ofdebt? Select one: .3467 .4185 .3920 .2045 .3189

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Saint Nick Enterprises has 17,900 shares of common stockoutstanding at a price of $71 per share. The company has two bondissues outstanding. The first issue has 9 years to maturity, a parvalue of $1,000 per bond, and sells for 102.5 percent of par. Thesecond issue matures in 23 years, has a par value of $2,000 perbond, and sells for 107.5 percent of par. The total face value ofthe first issue is $270,000, while the total face value of thesecond issue is $370,000. What is the capital structure weight ofdebt? Select one: .3467 .4185 .3920 .2045 .3189