Suppose that Lil John Industries equity is currently selling for $35 per share and that...
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Finance
Suppose that Lil John Industries equity is currently selling for $35 per share and that 1.8 million shares are outstanding. Assume the firm also has 28,000 bonds outstanding, and they are selling at 103 percent of par. What are the firms current capital structure weights? (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Equity %?
Debt %?
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