Shares of common stock-preferred stock outstanding

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Reference no: EM13949331

Sports Corp has 11.2 million shares of common stock outstanding, 6.2 million shares of preferred stock outstanding, and 2.2 million bonds. If the common shares are selling for $26.2 per share, the preferred share are selling for $13.7 per share, and the bonds are selling for 96.88 percent of par, what would be the weight used for equity in the computation of Sports's WACC?

Reference no: EM13949331

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