(Answered) Book co has 17 million shares of common equity with a par

Finance

Book Co. has 1.7 million shares of common equity with a par? (book) value of $ 1.10 and retained earnings of $ 30.7 million, and its shares have a market value of $ 51.53 per share. It also has debt with a par value of $ 18.6 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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