Yixin Corp. lists $62 million in par value of bonds according to its balance sheet. The bonds have a face value of $1000 and are currently quoted as selling at “118”. The company has 1.5 million shares of common stock outstanding. The common stock is currently trading at $38 per share. Find the market value weights for these components of the company’s capital structure. The weight of the common stock is _%. Margin of error for correct responses: +/- 10%. Rounding and Formatting instructions: Do not enter dollar signs, percent signs, or commas in your response. Do not round any intermediate work, but round your *final* response to 2 decimal places (example: if your answer is 12.3456%, you should enter 12.35).
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