Book Co. has 1.9 million shares f common equity with a par (book) value of $1.50, retained earnings of $31.9 million, and its shares have a market value of $48.04 per share. It also has debt with a...

round to two decimal places

Extracted text: Book Co. has 1.9 million shares f common equity with a par (book) value of $1.50, retained earnings of $31.9 million, and its shares have a market value of $48.04 per share. It also has debt with a par value of $19.3 million that is trading at 102% 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?