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Saint Nick Enterprises has 19,300 shares of common stock outstanding at a price of $78 per...

Saint Nick Enterprises has 19,300 shares of common stock outstanding at a price of $78 per share. The company has two bond issues outstanding. The first issue has 6 years to maturity, a par value of $2,000 per bond, and sells for 96 percent of par. The second issue matures in 20 years, has a par value of $1,000 per bond, and sells for 96 percent of par. The total face value of the first issue is $340,000, while the total face value of the second issue is $440,000. What is the capital structure weight of debt?

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Particulars 1st Bond Second issue common stock Total Market value amount $326,400.00 $422,400.00 $1,505,400.00 $2,254,200.00

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