Calculate the weight of the common stock

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Reference no: EM131553000

The TJX Companies has 683,000,000 shares outstanding. The shares currently trade for 77.72 per share. The firm also has 1,700,000,000 in the market value of debt. Calculate the weight of the common stock used in the WACC equation. Round percentage to 4 decimals.

Reference no: EM131553000

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