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Book Co. has 1.1 million shares of common equity with a par​ (book) value of $1.35​,...

Book Co. has 1.1 million shares of common equity with a par​ (book) value of $1.35​, retained earnings of $30.8 ​million, and its shares have a market value of $50.92 per share. It also has debt with a par value of $21.6 million that is trading at 104% 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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