Shares of preferred stock outstanding

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Sports Corp has 10.0 million shares of common stock outstanding, 5.0 million shares of preferred stock outstanding, and 1.0 million bonds. If the common shares are selling for $25.0 per share, the preferred shares are selling for $12.5 per share, and the bonds are selling for 97.00 percent of par, what would be the weight used for equity in the computation of Sports's WACC? 62.50% 19.49% 33.33% 24.21%

Reference no: EM13907297

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