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Book co has 16 million shares of common equity with a par

Book Co. has 1.6 million shares of common equity with a par (book) value of $1.10, retained earnings at $30.5 million, and its shares have a market value at $51.53 per share. it also has debt with a par value of $21 .2 million that is trading at 154% 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 WAGE?

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Finance Basics: Book co has 16 million shares of common equity with a par

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