Given are the following data for Golf Corporation: Market price/share = $8.07; Book value/share = $10; Number of shares outstanding = 100 million; Market price/bond = $800; Face value/bond = $1,000; Number of bonds outstanding = 1 million. The capital structure weight for Golf Corporation’s equity that you should use for estimating its weighted average cost of capital (WACC) is ____.

Answer rating: 100% (QA)

To determine the capital structure weight for Golf Corporations equity we need to calculate the prop... View the full answer