Question: (Defining capital structure weights) In August 2015 the capital structure of the Emerson Electric Corporation (EMR) (measured in book and market values) was as
(Defining capital structure weights) In August 2015 the capital structure of the Emerson Electric Corporation (EMR) (measured in book and market values) was as follows: ($ Millions) Short-term debt Long-term debt Common equity Total capital Book Value $2,531 4,346 8,135 $15,012 Market Value $2,531 4,346 35,641 $42,518 (Click on the icon in order to copy its contents into a spreadsheet.) What weights should Emerson use when computing the firm's weighted average cost of capital? The appropriate weight of debt, wd, is %. (Round to one decimal place.)
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