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 follows:

(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) Book Value Market Value Short-term debt $2,570 $2,570 Long-term debt 4,341 4,341 Common equity 8,044 35,720 Total capital $14,955 $42,631 (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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