Shares of preferred stock outstanding

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Carrie D's has 6.5 million shares of common stock outstanding, 2.5 million shares of preferred stock outstanding, and 15.00 thousand bonds. If the common shares are selling for $15.50 per share, the preferred shares are selling for $28.50 per share, and the bonds are selling for 108.95 percent of par, what would be the weight used for equity in the computation of Carrie D's WACC?

Reference no: EM131451501

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