Compute the weight of preferred stock

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Reference no: EM131984142

A company has the following financing outstanding:

Debt: 73,493 bonds with a quoted price of $971.2

Preferred Stock: 82,141 shares of preferred stock with a current price of $99.1

Common Stock: 160,825 shares of common stock with a current price of $577.1

Compute the weight of preferred stock (Wp)

Reference no: EM131984142

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