Million shares of common stock outstanding

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JackITs has 6.8 million shares of common stock outstanding, 2.8 million shares of preferred stock outstanding, and 38.00 thousand bonds. If the common shares are selling for $29.90 per share, the preferred shares are selling for $15.30 per share, and the bonds are selling for 97.82 percent of par, what would be the weight used for equity in the computation of JackIT's WACC?

Reference no: EM131329006

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